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Mastering Crypto

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$LUNA HAS DISAPPOINTED US AGAIN! 😤 Could It Have Been Prevented? 🤔👇 The most dramatic part of this story is that the IBC issue had been reported to LUNA months ago. However, they chose to delay the fix, leaving the platform exposed. In my opinion, this situation could have been avoided if LUNA had acted promptly. This incident underscores the importance of maintaining robust security measures for cross-chain communication features, including IBC hooks. LUNA, one of the most renowned cryptocurrencies, recently suffered a loss of $5.3 million worth of tokens. How did this happen? It was due to an exploit in the Inter-Blockchain Communication (IBC) hooks. IBC is a feature that allows different blockchains to communicate and transfer data or assets between each other. Hackers discovered a vulnerability and exploited it, moving assets like ASTRO, USDC, USDT, and BTC without authorization. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #LUNA #ScamRiskWarning

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Expert Handpicked: Best Memecoins to Buy Now for Potential 100X Returns

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Top 3 Low-cap Memecoins for 10X Surge in 2024 Despite recent corrections in the cross-border market, mid-cap and low-cap altcoins have caught the eye of investors, promising substantial returns. Here are three memecoins with potential for a 10X surge: 1. Mumu the Bull (MUMU): Built on Solana, MUMU has surged 119% in the past week and 435% in the past month, with a year-to-date return of around 1,000%. Currently trading at $0.00009475 with a market cap of $215.71 million, its technical indicators suggest a bullish trend. 2. WHY (WHY): On the BNB Smart Chain, WHY reached an all-time high of $0.0000003202 and is now trading at $0.0000003056. It has jumped 17% in the past week and 2,553% from its all-time low, holding a market cap of $128.37 million. 3. Mog Coin (MOG): Despite fluctuating within a ±10% range, MOG has delivered a year-to-date return of about 4,500%. Trading within an ascending channel pattern since mid-June, MOG is poised to break its resistance level of $0.0000024725, indicating a strong bullish sentiment. These memecoins are set to capitalize on the upcoming memecoin mania, offering significant growth potential for investors. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #Memecoins #ETH #ETHETFsApproved

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Masteringcrypto: $54.5 0x438a168BdEF60Aec2508e3DF8D74DebF79997A5c

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🚨Terra Hack: $5 Million Stolen Amid Terraform Labs Bankruptcy On July 31, the Terra Luna chain halted temporarily due to a suspected exploit, announced via Terra’s official account on X (formerly Twitter). This halt at block height 11430400 stopped all network transactions as developers and validators addressed the issue. Details of the Terra Hack The Terra team warned users of the chain halt and suspected hack, promising to work with validators on an emergency patch. An attacker exploited a vulnerability in the IBC hooks module, used for cross-chain interactions and token transfers, affecting assets like USDC and Astroport. Preliminary estimates suggest around $5 million in tokens were stolen.Following the announcement, Terra Luna Classic (LUNC) dropped over 4%, but later recovered slightly, dipping 2.84% to $0.00008116. Stolen Assets Report The exploit involved minting tokens transferred via IBC to Terra, affecting 500,000 USDT and 2.7 BTC. The attacker used a smart contract and IBC call with a timeout mechanism to gain unauthorized access, siphoning off substantial assets despite never holding more than 56 LUNA and 7,800 USDC at once. Update on Terra Hack Block production resumed at 4:19 AM UTC after an emergency chain upgrade. Validators holding over 67% of the voting power upgraded their nodes to prevent future exploits. The fate of the stolen funds and recovery plans remain unclear. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #terraClassicLunc #LUNA

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