🔥Hack Alert⛔️
Terra Blockchain Gets Rugged for $5M!
The Terra blockchain just got wrecked by a gnarly $5 million exploit.
We're talking 60 million ASTRO, 3.5 million USDC, 500k USDT, and 2.7 BTC gone in a flash.
The hacker leveraged an old-school IBC hooks flaw, pulling off some serious minting magic to yoink those tokens off-chain.
They bridged the loot back to Ethereum, swapping it all for ETH.
Terra had to freeze its chain at block height 11,430,400 to stop the bleed.
Source: Bitcoinist