The Terra team is actively working on a solution
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A $90 million DeFi exploit on Terra went unnoticed for seven monthsA security bug allowed a hacker to drain about $90 million from Mirror Protocol on the old Terra blockchain.
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China state media signals tighter crypto regulations in Terra aftermathThe Chinese state-owned media outlet the Economic Daily published an article signaling China may impose further regulations on stablecoins after the price of the algorithmic stablecoin TerraUSD collapsed earlier in May.
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Rival blockchain projects angling for talent from Terra developersThe fall of Terra is causing a kind of diaspora of developers, but other blockchain projects are ready to fill the void and employ that talent. VeChain, Polygon, Kadena, and possibly others are all on the lookout for wandering talent.
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Investors dumping on Terra as LUNA 2 tanks 70% in two daysThe sharp plummet seems to suggest a relative lack of faith in Do Kwon’s revamp moving forward, with many investors indicating on Twitter that they are instead looking to recover a small portion of their previously lost capital.
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A $90 million DeFi exploit on Terra went unnoticed for seven monthsA security bug allowed a hacker to drain about $90 million from Mirror Protocol on the old Terra blockchain.
Lire la suite »
South Korean authorities reportedly probe staff behind TerraSouth Korean authorities have questions about the Terra collapse. The Seoul Southern District Prosecutors Office reportedly launches a full-scale investigation of Terraform Labs in the aftermath of the fall of the Terra ecosystem.
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