Terra: 150 million LUNA will be destroyed according to the bankruptcy courts authorization, and the Shuttle Bridge will be permanently closed after t

Odaily News Terra posted on the X platform that the bankruptcy court order in TFLs 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. According 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 after TFLs Chapter 11 plan takes effect. After that, TFL will permanently close Shuttle Bridge and will destroy all remaining assets. In addition, TFL will initiate the staking process for 125 million LUNA currently staked by 49 validators recommended and selected by Terra.