TerraCVita Launches Technical Assistance To Support Terra Classic Delegators That Victim Of Hacks

https://cryptolifedigital.com/wp-content/uploads/2022/12/TerraCVita-Launches-Technical-Assistance.jpg

The recent development revealed that the Terra Classic development group and network validator TerraCVita launched technical assistance to support Terra Luna Classic (LUNC) delegators that have been victims of hacks, per a tweet from the validator today. Although the validator is of the opinion they might not recover it all.

TerraCVita Offers Technical Assistance

“We have technical assistance for those with hacked delegations… we cannot promise to save it all, but we can certainly try,” TerraCVita tweeted, directing users to the validator Discord.

Read Also: Terra Classic Burns A Whopping Over 15 Million Over The Weekend

However, it is unclear if the service is limited to only LUNC holders who delegate with the TerraCVita validator or if it extends to all LUNC holders. It is also unclear if there has been a recent rise in hacks. TerraCVita has so far not responded to inquiries from community members.

Notably, Allnodes launched a similar service for taken delegators in November. The service is referred to as the Anti-Scam Help service, the StakeRecover service promises to allow users to withdraw their delegated assets before malicious actors can do so within the unbinding period. Currently, the service is only available to Ledger, Keplr, and Cosmostation wallet users. 

Read Also: Top Non-custodial Wallet Guarda Adds Support On Shiba Inu, Shiba Inu Enthusiasts Can Now Purchase Goods With SHIB

Another tweet shared on Thursday revealed that it was working to bring another decentralized application (DApp) to the Terra Classic network in partnership with Unity, a new network validator. 

Notably, the validator is run by a team of DApp developers, per the tweet from TerraCVita. The development claims to allocate 75% of its rewards to development. Per the LUNCPenguins data unity ranks 67th in the Terra Classic active validators list with over 445 million currently.

Ivan@Unity tweeted, giving a clue to a Lend & Borrow app sharing a homepage interface on the network.


Follow us on Twitter, FacebookTelegram, and Google News

  • 1554 Posts
  • 2 Comments
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.
Loading...