Terra has announced significant changes following the court's ruling in the Terraform Labs (TFL) bankruptcy case. 🚀
- The court allowed TFL to open the Shuttle Bridge, which will allow users to redeem assets on Terra Classic.
- TFL will destroy 150 million LUNA tokens to stabilize their value.
- TFL's plan to emerge from bankruptcy is pending approval and may not take effect until the end of September 2024.
Source: Terra Money