Terra Opens New Shuttle Bridge Interface for Asset Redemption

According to Odaily, Terra has announced on social media that the new Shuttle Bridge interface is now available for redeeming wrapped assets. This reopening 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 remain open until 30 days after the effective date of Terraform Lab's Chapter 11 bankruptcy plan, which is expected to be around October 30, 2024, based on the anticipated effective date of September 30, 2024, though this date may change. The reopening of the bridge provides users with the opportunity to redeem their assets and use them as needed. It is crucial for users to redeem their assets as soon as possible. Once the bridge closes, any assets still in the contract will be destroyed, and the bridge will be permanently closed.