• Thu. Nov 28th, 2024

Terra Can’t Catch a Break as Blockchain Gets Exploited for $6 Million

Aug 1, 2024

The Terra blockchain was exploited for more than $6 million, causing developers to momentarily pause the chain.

Cybersecurity firm Beosin reported that the protocol lost 60 million ASTRO tokens, 3.5 million USDC, 500,000 USDT, and 2.7 BTC or $180,000.

Terra developers paused the chain early Wednesday to apply an emergency patch that would remediate the attack. Moments later, a 67% majority of validators upgraded their nodes and resumed block production.

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[Source: TheDefiant]

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