On May 25th, according to the official announcement, after the Terra community approved the proposal 11515, Bitfinex will support the new destruction tax (Tax Burn) policy for all on-chain transactions on the Terra Classic network, which will increase from the previous 0.2% to 0.5%. The new destruction tax is expected to take effect at block height 12902400 (about 22:00 UTC on May 23).
Bitfinex suspended the deposit and withdrawal of LUNA Classic (LUNA) and withdrawal of TerraUSD (TERRAUST) on Bitfinex around 19:00 UTC on May 23, and will resume after the new burn tax is implemented and the network is stable. Transactions will not be affected.
Bitfinex suspended the deposit and withdrawal of LUNA Classic (LUNA) and withdrawal of TerraUSD (TERRAUST) on Bitfinex around 19:00 UTC on May 23, and will resume after the new burn tax is implemented and the network is stable. Transactions will not be affected.