Concerning Terraport Hack, Terra Classic To Lock Up $2 Million Worth Of Funds
In a recent development concerning the Terraport hack, the Terra Classic team has submitted a proposal to lock up $2 million worth of stolen funds. The proposal was shared by a well-known crypto influencer, Classy, on their social media account. An update regarding the proposal was also shared on the Agora platform.
“Every minute these are not locked gives the attackers a chance to move them. It (the proposal) also tells criminals that we will stand up for what is right and not sit back and let them get away with stolen funds when it is in our power to prevent this,” Rex disclosed in the Agora text.
Rex recommended that if Proposal 11488 is approved by the community and the assets are locked up, TerraCVita will submit a follow-up proposal to explore options for reimbursing the affect...
