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Terra 🌍 Powered by LUNA πŸŒ•
@terra_money
Post-Chapter 11, Terraform Labs began winding down and is no longer active. All official Delaware U.S. Court bankruptcy filings are at the profile link.
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    The deadline to file Crypto Loss Claims for the Terraform Labs Pte. Ltd. Wind Down Trust has been extended through May 16, 2025, at 11:59 p.m. Eastern Time. Creditors must file their Eligible Crypto Loss Claims via claims.terra.money by this date. Late submissions will not
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    The Terra blockchain has officially halted at block 7607789. Terra Validators have halted the network to come up with a plan to reconstitute it. More updates to come.
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    A post-mortem on everything that transpired the past week is in progress. It will be published asap. These are tremendously difficult times for everyone affected. The feelings are still raw. Please be safe. The strength of the #LUNAtics has been amazing. More to come.
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    All updates will be posted on this Twitter account (@terra_money). Any other Twitter accounts purporting to represent Terra are fake. Users are advised to be on the lookout for scams.
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    The Terra blockchain was officially halted at a block height of 7603700. lcd.terra.dev/blocks/latest Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.
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    The Terra blockchain has resumed block production. Validators have decided to disable on-chain swaps, and IBC channels are now closed. Users are encouraged to bridge off-chain assets, such as bETH, to their native chains. Note: Wormhole bridge is currently unavailable.
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    1/ Terra 2.0 is coming. With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community.
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    1/ The prevailing peg pressure on $UST from its current supply overhang is rendering severe dilution of $LUNA. The primary obstacle is expelling the bad debt from UST circulation at a clip fast enough for the system to restore the health of on-chain spreads.
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    The Terra blockchain has resumed block production. Delegations are disabled now that the chain is live with the new code merge. Validators, please check the Discord announcements for the latest patch notes.
    The patch release is out: github.com/terra-money/co… Delegations will be disabled once block production resumes. The network should go live once 2/3 of the voting power comes online. An update will be provided accordingly.
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    Replying to @terra_money
    Update: Wormhole bridge is now available
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    1/ Block 1 of the brand new Terra blockchain (with a chain_id of β€œPhoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022! Congratulations to the #LUNAtic community on this expeditious feat of collaboration πŸŽ‰
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    The final Post-Attack snapshot to calculate the genesis $LUNA distribution for Terra 2.0 has now passed. Validators will now be hard at work assembling a genesis file for the launch. Stay tuned.
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    Please see the tweet from @LFG_org below for transparency on LFG activities & reserves
    1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets: Β· 80,394 $BTC Β· 39,914 $BNB Β· 26,281,671 $USDT Β· 23,555,590 $USDC Β· 1,973,554 $AVAX Β· 697,344 $UST Β· 1,691,261 $LUNA