Home > web3.0 > Terra Classic Avoided Security Exploit

Terra Classic Avoided Security Exploit

王林
Release: 2024-08-01 09:31:10
Original
795 people have browsed it

Terra Classic, the original Terra blockchain by Terraform Labs, remained unaffected by a recent hack on Terra (Phoenix chain).

Terra Classic Avoided Security Exploit

Terra (LUNA) encountered a security exploit on August 1 due to an outdated internal forked IBC-go 7.3 version, while Terra Classic (LUNC) remained unaffected thanks to a major upgrade.

Terra Classic Core Developer Highlights LUNC’s Safety

Terra Classic, the original Terra blockchain launched by Terraform Labs, was not affected by the recent hack on Terra (Phoenix chain). An unknown attacker exploited a vulnerability in a third-party module called IBC hooks, which is used for cross-chain contract interactions and token transfers.

Terra Classic core developer Genuine Labs took to the X platform to inform the community that LUNC is not impacted by the hack.

“About the latest exploitation happened on Terra Money (phoenix-1), we are happy to announce that Terra Classic is not affected since we patched it back in May with our V3 upgrade,” said Genuine Labs.

LUNC also relies on inter-blockchain communication (IBC) protocols to interact and transfer tokens with other blockchains.

Cosmos co-founder Ethan Buchman expressed his dismay over the recent Terra hack, given that the community is already dealing with Terraform Labs’ bankruptcy. He stated that Terra was initially patched for the vulnerability, but it appears to have been accidentally reverted in their June upgrade.

Really sad to see ths ASTRO hack on Terra. Hearts out to everyone hurt.

Terra was initially patched for this with everyone else but seems to have accidentally reverted in their June upgrade.

Unfortunately they’re using a fork of IBC which makes it harder to stay up to date and… https://t.co/000

— Ethan Buchman (?,?) (@buchmanster) July 31, 2024

The above is the detailed content of Terra Classic Avoided Security Exploit. For more information, please follow other related articles on the PHP Chinese website!

Related labels:
source:php.cn
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Popular Tutorials
More>
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template