On July 19, Terra announced that the bankruptcy court order in the TFL Chapter 11 case authorized TFL to do the following: 1. Reopen ShuttleBridge to redeem the encapsulated assets on Terra Classic; 2. Cancel the commission and destroy the 150 million LUNA received from the Terra community grant. According to the court order, TFL plans to transfer all assets held in the ShuttleBridge wallet to the new wallet and provide a new, simplified ShuttleBridge interface that allows users to redeem encapsulated assets from the Bridge wallet within 30 days. After that, TFL intends to permanently close Shuttle Bridge and all remaining assets will be destroyed. TFL's proposed Chapter 11 plan has not yet been approved by the Bankruptcy Court and is not expected to take effect until late September 2024 at the earliest. Similarly, pursuant to the Bankruptcy Court order, and in accordance with TFL's settlement with the SEC, TFL will begin the de-authorization process for the 125 million LUNAs currently pledged by the 49 validators recommended for selection by Terra. Once the LUNAs are de-commissioned, the 125 million LUNAs used for the entrusted and the 2.50 million LUNAs used for liquidity supply will be destroyed.