Yesterday, the Terra blockchain was the target of a malicious attack exploiting a Cosmos chain vulnerability, resulting in the u
01 Aug 2024, 15:32
Yesterday, the Terra blockchain was the target of a malicious attack exploiting a Cosmos chain vulnerability, resulting in the unauthorized withdrawal of approximately $4 million worth of assets.
When alerted to the presence of the vulnerability yesterday morning, we immediately coordinated with validators to halt the chain, and then pushed out a software upgrade to patch the vulnerability.
We have also taken action to blacklist the exploiter’s wallet on Terra.
We will share a more detailed breakdown of events when we have conclusively established the facts of the incident.