2024

Terra

Coin

<ul class="news-points">
 <li><strong>Terra (LUNA) suspends blockchain operations to address a suspected exploit with an emergency patch.</strong></li>
 <li><strong>Recent Terra upgrades included burn tax distribution improvements and Oracle Split logic enhancements.</strong></li>
 <li><strong>Terra’s swift response to security concerns highlights its commitment to blockchain stability and governance.</strong></li>
</ul>
<p>Terra (LUNA) has temporarily halted its blockchain operations to deploy an emergency patch. The action follows a recent upgrade aimed at bolstering the blockchain’s security and efficiency.</p>
<p>Terra announced the pause at block height 11,430,400 via X, detailing plans to collaborate closely with network validators to implement crucial security enhancements. This safety measure aims to mitigate potential risks following the detection of a suspected attack within the system.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4e3.png" alt="📣" class="wp-smiley" style="height: 1em; max-height: 1em;">Attention Terra users: Please be advised that the chain will be halted shortly at block height 11430400 and transactions will not be processed during this time.<br><br>We will be working with the validators on Terra (phoenix-1) to apply an emergency patch thereafter to remediate a…</p>— Terra <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f30d.png" alt="🌍" class="wp-smiley" style="height: 1em; max-height: 1em;"> Powered by LUNA <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f315.png" alt="🌕" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@terra_money) <a href="https://twitter.com/terra_money/status/1818498438759411964?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 31, 2024</a>
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<p>Prior to this incident, Terra <a href="https://coinedition.com/terra-luna-classic-transitions-to-v3-1-3-bybit-supports-the-upgrade/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">successfully launche…</a></p>
<p>The post <a href="https://coinedition.com/terra-luna-price-falls-as-investors-react-to-network-outage-and-loss-claims-deadline/" rel="noopener noreferrer nofollow">Terra (LUNA) Price Falls as Investors React to Network Outage and Loss Claims Deadline</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Terra (LUNA) Price Falls as Investors React to Network Outage and Loss Claims Deadline

Coin Edition

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