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Terra Hack: Network Blacklists Exploiters Wallet, Pledges Full Disclosure Coingape 01 Aug 2024

Terra Hack: Network Blacklists Exploiters Wallet, Pledges Full Disclosure 💔

The Terra Luna Network recently experienced a significant $4 million hack due to vulnerabilities in a third-party module. In response, the network has blacklisted the exploiter's wallet and suspended operations as of July 31 to prevent further losses. Terra Luna has committed to full disclosure about the incident and continues updating its community on recent developments, ensuring transparency throughout the investigation process. This hack has caused notable disruption across the Terra Luna ecosystem, prompting an immediate response to safeguard its platform and users. While the platform addresses the security breach, it remains focused on restoring trust and stability within its community.

Source: coingape.com ↗