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Terraform Labs’ Chapter 11 Case: Key Developments and Implications for LUNA Coin Edition 19 Jul 2024

Terraform Labs’ Chapter 11 Case: Key Developments and Implications for LUNA ⚖️

Chapter 11 cryptocurrency Terra LUNA Terraform Labs
Terraform Labs (TFL), the company behind the Terra blockchain, has received court approval to reopen its Shuttle Bridge during bankruptcy proceedings. This move allows users to redeem specific assets and is a significant step in TFL's restructuring. The court order facilitates TFL's efforts to stabilize and revitalize its operations.

Source: coinedition.com ↗

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