In a recent update, Terra (LUNA) developers confirmed that the Shuttle Bridge functionality in the Terra ecosystem has been permanently disabled.
“Dear Terra community, following our previous announcement, the Shuttle Bridge interface has now been permanently closed. As part of this process, all remaining tokens in the Shuttle Bridge wallet have been burned to complete the shutdown,” the team explained.
This marks the end of Shuttle, the cross-chain bridge that allowed Terra users to transfer LUNC and USTC tokens between the Terra Classic network and blockchains like Ethereum, BNB Chain (BSC), and Harmony.
Last month, Terra developers outlined their shutdown plans and urged users to take action before the shutdown. They reopened the bridge interface to allow users to transfer their assets back to Terra Classic. “The reopening of the bridge allows users to send LUNC & USTC connected to the Ethereum mainnet, BNB Chain (BSC), and Harmony network back to Terra Classic,” the announcement said.
The team stressed that the bridge will remain open for a limited time, specifically until 30 days after Terraform Lab's Chapter 11 bankruptcy takes effect, which is expected to be on or around October 30, 2024. Users have been warned to use their assets immediately to avoid any issues.
With the final closure confirmed, all unused assets were burned and the decommissioning of the Shuttle Bridge was effectively completed.
