The process regarding TFL's departure continues.
➖There was no buyer for Enterprise Dao and Warp Protocol and they will be closed on 12/31/2024.
➖There was a buyer for Terra Station and it continues. There is strong information about who bought it, but we cannot say for sure since it has not been made official.
➖ Shuttle bridge closed. The burning of 251.6 billion units of #LUNC and 176.3 million #USTC has been finalized. TFL will carry out this burning at any time.
🔴 It was announced that TFL's LUNC and USTCs will be burned. We think that the work on their determination is over. These approvals had to be received by October 31, 2024. Otherwise, there will be a compensation of $ 4.5 billion.
It seems that; TFL has received approval for the Chapter 11 Bankruptcy Plan. Now it is time to implement this plan. When we look at the final approved text, we see that a significant number of USTCs can be burned.
We do not have clear information about the Luna Foundation and the funds in Do Kwon's personal wallet. The Luna Foundation's funds were transferred to the bankruptcy estate.
