We followed the court processes between TFL and SEC. Decisions were made in the ongoing cases in the US. The case is over.
The process that is currently ongoing is the implementation of the decisions made.
There are reasons why this process is long and prolonged. TFL has homework to do in line with the decisions made.
▪️The homework that concerns us the most is; burning all funds belonging to TFL. TFL burned#LUNAsimmediately in this context. The reason why this came quickly was that it was very easy to detect and urgent.
TFL burned $LUNAs immediately. Terra withdrew its hand and left the authority to the community. The LUNA community also elected the Phoenix Directive team as the leader.
On the Terra Classic side, TFL has hundreds of wallets. The Terra Classic side is a huge area compared to Terra. There will be burns here too.
▪️The assets in the Shuttle Bridge were burned immediately. It was easy to detect.
▪️You can think that the detections regarding TFL's wallets are continuing. All of these are done by sharing with the court. This is the reason why those documents are coming out day by day. Studies are ongoing. However, the decisions are final!
🌑 This is also the reason for the silence on all sides right now. TFL; It could act quickly regarding the burning of #LUNC and #USTC , but it is not. They only did a test burning.
▪️There are Luna Foundation assets. That will be the real critical point. All of these are subjects of the bankruptcy estate. This is a new subject for US courts. Focus on the result. You should focus on the result rather than the extension or shortening of the process.
✅ You should know that no one is acting arbitrarily at this point. No one has criticized Chris Amani as much as we have. However, there is no criticism to be made at this point. He spoke about the court processes. We think that a directive to be silent came afterwards. It is obvious that he did more than he could...
We will follow the process and see the result. What is really important is what will happen after it is realized...