Terraport Finance, a DeFi project based on the Terra Classic blockchain, suffered a liquidity attack on its wallet on April 10. As Terraport announced on Twitter, hackers had withdrawn all liquidity pools from the platform, resulting in a crypto hack.loseLost approximately $2 million worth of digital assets
“We are currently working with community members and key exchanges to secure as much of these funds as possible and blacklist wallets,” Terraport said.
The Terraport hacker transferred stolen funds to Binance and MEXC Global and urged the exchange’s security team to freeze the assets as soon as possible.
Terraport said it was investigating the security issue and prepared to report the incident. Much of the crypto community has criticized the hasty launch of Terraport.
Following the February and March 2023 Terraport token sale has launchedDecentralized exchange on Terra Classic named Terraport on March 31st and by April 7th Terraport. have burnedNearly 100 million Luna Classic (LUNC) tokens to try to revive Terra after failing one year ago
“Why the rush to launch?” one reviewer said.came out to post Twitter noted that the answer to this question is key to understanding the momentum of the project.
Some people have accused Terraport of publishing it without being audited, which caused further complications.
refer : LINK
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