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Terra Luna Receives Key Bankruptcy Court Order: Major Changes Ahead Coinpedia 19 Jul 2024

Terra Luna Receives Key Bankruptcy Court Order: Major Changes Ahead ⚖️

The bankruptcy court has issued a new order for Terraform Lab (TFL) authorizing key actions, which include reopening the Shuttle Bridge for wrapped asset redemptions and implementing a plan to transfer and burn a substantial amount of LUNA tokens. These changes aim to restructure and stabilize the Terra Luna ecosystem.

Source: coinpedia.org ↗