Terra Hack: The Terra Luna Network has blacklisted the exploiter’s wallet responsible for the recent $4 million hack. On July 31, the Terra Network was halted due to a hack that exploited vulnerabilities in a third-party module leading to huge losses. The platform has updated the community on recent developments surrounding the incident.
Terra Luna Network Blacklists Exploiter’s Wallet
The network disclosed that it had taken action to blacklist the exploiter’s wallet on Terra restating commitments to full disclosure in the aftermath of the incident. As investigations ramp up, the platform wrote on X (formerly Twitter) that it issues a detailed breakdown when all findings are established. This comes on the heels of the recent Terra hack that drained about $4 million worth of assets.
“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
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