Terra: Shuttle Bridge has been reopened, users need to redeem assets as soon as possible before the deadline

BlockBeats news, on August 28, Terra said on the social platform that the new Shuttle Bridge interface is now open and can be used to redeem wrapped assets. Reopening the bridge allows users to transfer LUNC and USTC assets bridged to the Ethereum mainnet, BNB chain (BSC), and Harmony network back to Terra Classic.

The bridge will be open from now until 30 days after the effective date of Terraform Lab's Chapter 11 bankruptcy plan (expected to be around October 30, 2024, based on the expected effective date of September 30, but this date may change). Opening the bridge provides users with the opportunity to redeem assets and use them as needed. Please be sure to redeem your assets as soon as possible.

After the bridge is closed, user assets still in the contract will be destroyed and the bridge will be permanently closed.