Terra

<ul class="wp-block-list news-points"> 
 <li>Terra’s Shuttle Bridge is now permanently closed.</li> 
 <li>All remaining tokens in Shuttle wallets have been burned.</li> 
 <li>Users had a final chance to redeem assets before the shutdown.</li> 
</ul> 
Users who haven’t retrieved their assets from Terra’s Shuttle Bridge are out of luck. The platform permanently closed the bridge and burned all remaining tokens. This marks the end of Shuttle Bridge and signals Terra’s focus on evolving its infrastructure. This shutdown will impact users who have yet to retrieve assets bridged to Ethereum, BNB Chain, and Harmony. 
The Terra Shuttle Bridge interface was once a crucial access point for transferring LUNC and USTC assets across Ethereum, BNB Chain, and Harmony. The announcement indicates that it has now reached its final phase. On August 28th, the Terra platform reopened the bridge for a limited time, allowing users one last chance to reclaim their wrapped assets and return them to Terra Classic. 
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Terra urged users to redeem their tokens promptly and set a clear deadline tied to Terraform Labs’ Chapter 11 plan, which projected a closure around October 30, 2024. This reopening aimed to facilitate a smooth asset transition, ensuring…
The post <a href="https://coinedition.com/terra-closes-shuttle-bridge-for-good-unredeemed-tokens-burned/">Terra Closes Shuttle Bridge for Good, Unredeemed Tokens Burned</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Terra Closes Shuttle Bridge for Good, Unredeemed Tokens Burned

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