Terra Blockchain Restarts Following $4 Million Security Breach
Wednesday, 31 July 2024, 11:11
Incident Overview
Tera’s recent disruption was caused by a reentrancy attack that led to a halt in network operations.
Emergency Upgrade
- The network was restored after an emergency chain upgrade.
- This upgrade aimed to address vulnerabilities and bolster security.
Implications
This event underscores the necessity for effective risk management within blockchain platforms. Such strategies are crucial for maintaining trust and operational integrity in the crypto space.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.