๐Ÿšจ Breaking News in Crypto! ๐Ÿšจ

The Terra blockchain was temporarily halted on Wednesday following a reentrancy attack that exploited a known vulnerability, resulting in over $4 million in tokens being stolen. The exploit targeted a flaw disclosed in April but resurfaced after a June upgrade.

Key Points:

- Attack led to theft of $3.5M USDC, $500K USDT, 2.7 BTC, and 60M ASTRO.

- Terra paused at block height 11430400 for an emergency fix, completed at 04:19 UTC.

- Validators with 67% voting power upgraded nodes to prevent future exploits.

ASTRO dropped 56%, while LUNC tokens fell 3.4%. Reentrancy bugs allow repeated calls to a protocol, tricking smart contracts to steal assets.

What are your thoughts on this security breach? Share in the comments!