Great news!!!
Terra posted on the X platform:
The bankruptcy court order in TFL's Chapter 11 case authorizes TFL to do the following: 1. Reopen Shuttle Bridge to redeem wrapped assets on Terra Classic; 2. Cancel the delegation and destroy 150 million LUNA obtained from Terra community funding. Pursuant to the court order, TFL intends to transfer all assets held in the Shuttle Bridge wallet to a new, more secure wallet and provide a new, simplified Shuttle Bridge interface that allows users to redeem wrapped assets from the bridge wallet within 30 days of the effectiveness of TFL's Chapter 11 plan. Thereafter, TFL will permanently close Shuttle Bridge and will destroy all remaining assets. In addition, TFL will initiate the staking process for the 125 million LUNA currently staked by the 49 validators selected by Terra.
