Terra Classic

Terra

Tornado

Billion

Terraport DeFi, a decentralized finance (DeFi) platform on the Terra blockchain, has been hacked, with nearly $1 billion in community-owned funds stolen. The hack occurred on June 28, 2023, following the Cosmwasm V 2.1.0 upgrade.   
The attackers managed to steal 15 billion Terra Luna Classic (LUNC), along with 9.4 million Terra Classic USD (USTC) and 9.1 million Terra 2.0 (LUNA).   
Unfortunately, a substantial portion of the stolen funds has been irretrievably moved to Tornado Cash, a crypto mixer that has been banned by the US government since late last year.   
The Terraport team is working closely with centralized exchanges to thoroughly investigate the remaining stolen funds. Developer CosmoSreXx has been proactive in tracking down part of the funds by contacting one of the exchanges independently.   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/TerracVita/status/1674519937002397697?s=20 
 </div>
</figure>   
In an interesting twist, CosmoSreXx has openly criticized Terraport's team for alleged negligence, suggesting that the movements could have been detected and prevented.   
In addition to the ongoing investigation, the Terraport Finance website has been temporarily suspended. The closure is attributed to a security audit conducted by CertiK, a blockchain security team. However, DailyCoin has yet to receive updates on the progress of the security audit from CertiK.   
The Terraport hack is a significant setback for the Terra community. The platform was one of the most popular DeFi platforms on the Terra blockchain, and its closure will likely have a negative impact on the overall ecosystem. 
The post <a rel="nofollow" href="https://optimisus.com/market/market-news/1-billion-hack-on-terraport-defi-terracvita-launches-investigation/">$1 Billion Hack on Terraport DeFi: TerraCVita Launches Investigation</a> appeared first on <a rel="nofollow" href="https://optimisus.com">Optimisus</a>.

$1 Billion Hack on Terraport DeFi: TerraCVita Launches Investigation

Optimisus

2023년 7월 1일에 게재된 다른 기사

US man imprisoned after paying bitcoin to eliminate child he molested

Bitcoin Price 60x Rally: Tim Draper Predicts BTC Price To Hit $250k, Here’s The Timeline

Banco de la República Collaborates with Ripple and Peersyst to Explore Blockchain Technology’s Po...

Cardano Founder Addresses Centralization Concerns Related to ADA MBO

Who is Changpeng Zhao (CZ), the Founder of Binance?

XRP Price Analysis for July 1

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!