#COINCU
The Terra Shuttle Bridge, a platform for transferring assets between Terra and other blockchains, has been permanently disabled. Remaining $LUNC and $USTC tokens in the bridge wallets were burned to finalize the shutdown, a move aligned with #TerraformLabs Chapter 11 bankruptcy process. The closure comes after the platformâs significant crash in May 2022. Terra plans to transfer assets from the Shuttle Bridge to a new wallet, simplifying user redemption. This announcement spurred a slight recovery in the Terra Classic (LUNC) price, signaling investor optimism around the platform's restructuring efforts.
