TERRA BLOCKCHAIN BREACHED: $6 MILLION LOST😳😳😳
Terra, a Cosmos-based blockchain, was hacked for over $6 million due to a vulnerability known since April. The attacker exploited a reentrancy bug in the Inter-Blockchain Communication (IBC) function, stealing 60 million ASTRO tokens, $500,000 in USDT, $3.5 million in USDC, and 2.7 BTC. The blockchain was halted for 20 minutes, and an emergency upgrade was implemented to prevent further exploits. The ASTRO token price plummeted 71%, while Terra's total value locked decreased by 15%.
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