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Attackers exploit IBC hooks vulnerability to steal tokens on the Terra blockchain. On July 31, according to The Block, the Terra blockchain reported a security vulnerability on its network, leading to the theft of tokens. An unknown attacker exploited a known vulnerability associated with a third-party module called IBC hooks, which is used for cross-chain contract calls and token transfers. The attacker leveraged this vulnerability to steal USDC stablecoins and Astroport tokens from the bridged assets. Preliminary estimates indicate that approximately $3 million worth of tokens may have been affected. After discovering this incident, Terra took emergency measures to prevent further losses and ensure that no additional tokens were stolen while the vulnerability was being fixed. Terra coordinated with its validators to apply an emergency patch to address the suspected vulnerability. "We will work with Terra's validators to then apply an emergency patch to fix the suspected vulnerability," Terra stated. $PEPE $SOL $WLD

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Attackers exploited the IBC hooks vulnerability to steal approximately $3 million in tokens on Terra. Foresight News reported that according to The Block, unknown attackers exploited a known vulnerability related to a third-party module called IBC hooks to steal Terra's bridged assets, including USDC stablecoins and Astroport tokens. The preliminary estimate suggests that tokens worth approximately $3 million may have been affected. Terra has implemented emergency measures to prevent further damage and ensure that no more tokens are stolen while the vulnerability is being addressed. $PEPE $SOL $WLD

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The Terra blockchain has encountered a security vulnerability, with a preliminary estimate of 300 million US dollars' worth of tokens being affected. According to a report by The Block, the Terra blockchain has reported a security vulnerability in its network, leading to the theft of tokens. An unknown attacker exploited a known vulnerability related to a third-party module called IBC hooks, which helps facilitate cross-chain contract calls and token movements. The criminal used this vulnerability to steal the value of bridged assets, including USDC stablecoins and Astroport tokens. The preliminary estimate suggests that approximately $3 million worth of tokens may have been affected. After the incident was discovered, Terra implemented an emergency measure, temporarily halting the Terra chain at block height 11430400, during which no transactions will be processed. Terra will collaborate with validators on the Terra (phoenix-1) chain and then apply an emergency patch to fix the suspected vulnerability. $PEPE $SOL $WLD

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The Terra blockchain has been attacked due to a security vulnerability related to IBC hooks, resulting in the theft of approximately $3 million worth of tokens. PANews reported on July 31 that according to The Block, the Terra blockchain has encountered a security vulnerability attack, resulting in the theft of tokens. The attacker exploited a known vulnerability related to the third-party module IBC hooks, stealing the value of cross-chain assets, including USDC stablecoin and Astroport tokens. The preliminary estimate is that approximately $3 million worth of tokens were affected. The Terra team has taken emergency measures to prevent further loss and is coordinating with validators to apply patches to fix the vulnerability. According to Zaki Manian, the co-founder of Sommelier Finance, although this vulnerability was patched in the Cosmos ecosystem in April, it was not included in Terra's upgrade in June, leading to the vulnerability being exposed and exploited again. $PEPE $SOL $WLD

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Attackers exploited vulnerabilities related to IBC hooks to steal approximately $3 million in tokens on the Terra blockchain. Odaily reports that the Terra blockchain has reported a security vulnerability on its network. An unknown attacker exploited a known vulnerability related to the third-party module IBC hooks, which is used for cross-chain contract calls and token transfers. The attacker used this vulnerability to steal funds from the bridged assets, including USDC and Astroport tokens. Preliminary estimates indicate that approximately $3 million worth of tokens may have been affected. After discovering the incident, Terra implemented emergency measures to prevent further damage and ensure that no additional tokens are stolen during the resolution of the vulnerability. It is reported that the vulnerability was discovered several months ago and was patched across the Cosmos ecosystem in April. However, Zaki Manian, the co-founder of Sommelier Finance, explained that Terra's upgrade in June did not include this patch, leading to the subsequent attack. Earlier today, Terra tweeted that the Terra chain has temporarily halted at block height 11430400, during which time no transactions will be processed. Terra will work with validators on the Terra (phoenix-1) chain to subsequently apply an emergency patch to fix the suspected vulnerability. $PEPE $SOL $WLD

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