Terraform Labs Signals Shuttle Bridge Reopening Under Court Order 

Terraform Labs has made progress in its restructuring plan. The TerraUSD creator filed for bankruptcy in January. The company has planned two events as critical steps to emerge out of Chapter 11. On Friday, Terraform Labs (TFL) informed its community about a recent bankruptcy court order authorizing the company to take certain steps in its restructuring plan, including reopening the Shuttle Bridge and burning millions of LUNA. TFL filed for bankruptcy protection in the U.S. in January this year, almost two years after the company’s stablecoin, TerraUSD, collapsed, losing 99% of its value in just 48 hours. In the

Continue reading on DailyCoin.