An important statement came from TFL. The Terra chain will be stopped and transactions will not be possible during this time.
The full statement is here;
" 📣 Attention Terra users: Please note that the chain will be stopped shortly at block height 11430400 and transactions will not be processed during this time.
"We will now work with validators on Terra (phoenix-1) to apply an emergency patch to fix a suspected exploit."
⚠️ This situation concerns the Terra chain. There will be no disruption on the Terra Classic side. We understand that the Terra side will also be temporarily suspended.