Terra Classic

Silver

April

Terra

Terraport, the Terra Classic-based DeFi platform built by TerraCVita, finally gets its Certik audit but suffers criticisms due to the April hack. Terraport, a recently-launched DeFi project for the Terra Classic (LUNC) ecosystem, has just received its Certik KYC Silver Verification badge, making it the first project on Terra Classic to reach this milestone. However, despite this recent accomplishment, the project continues to receive criticism due to the April hack. TerraCVita, the Terra Classic development group behind Terraport, disclosed the impressive achievement in a recent tweet. The group emphasized receiving the Silver KYC badge from Certik, stressing that Terraport has undergone the "most thorough verification process in Web3."  "We're the first and only dev team on LUNC to do a full independent assessment," TerraCVita declared. https://twitter.com/TerracVita/status/1664412989401755649 Notably, the Terraport audit is still underway, as Certik has forwarded a preliminary report of their security review with the TerraCVita group to enable them to assess the findings within the report.  TerraCVita subjected Terraport to the Certik audit in late April, a few days after the platform suffered a hack that drained its liquidity pool. Amid the audit, Certik began the KYC process on May 1, interviewing the team behind the project and carrying

Terra Classic-Based Terraport Gets Certik Audit But Faces Post-Hack Criticisms

TheCryptoBasic

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