Terra Classic (LUNC) is the original blockchain of the Terra ecosystem, known for its unique dual-token model featuring LUNA and TerraUSD (UST). Following significant volatility in 2022, which led to the collapse of the UST stablecoin, the Terra network underwent substantial changes. LUNC, the rebranded token, aims to foster community-driven development and revival efforts. With…
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Terra Classic (LUNC) is the original blockchain of the Terra ecosystem, known for its unique dual-token model featuring LUNA and TerraUSD (UST). Following significant volatility in 2022, which led to the collapse of the UST stablecoin, the Terra network underwent substantial changes. LUNC, the rebranded token, aims to foster community-driven development and revival efforts. With…
The Terra blockchain has resumed normal operations after the network implemented a temporary halt to stop a recent exploit. Earlier today, Terra reported a security breach that led to the theft of various assets, including USDC and Astroport tokens. The attack The exploit targeted a vulnerability in IBC-hooks, a third-party add-on for Inter-Blockchain Communication (IBC)…
Terraform Labs und sein ehemaliger CEO Do Kwon haben mit der US-Börsenaufsichtsbehörde SEC (Securities and Exchange Commission) einen umfassenden Vergleich geschlossen und sich zur Zahlung von 4,5 Mrd. USD in Form von Rückerstattungen, Vorfälligkeitszinsen und zivilrechtlichen Strafen verpflichtet. Dieser Vergleich stellt eine bedeutende Entwicklung in der laufenden juristischen Saga nach dem 40 Milliarden Dollar schweren…