Terraport Archives - Cryptolifedigital

Terraport 2.0 Faces Hacking Crisis as “Hackers” Manipulate LUNC Coin and Seek Support

23Jun

By OLAJIDE SAMUELNo Comments

Blockchain

Terraport 2.0 Faces Hacking Crisis as “Hackers” Manipulate LUNC Coin and Seek Support

In a shocking turn of events, Terraport 2.0, the renowned blockchain-based logistics platform, has fallen victim to a hacking incident, leaving its users and stakeholders concerned about the future of the project. The perpetrators, dubbing themselves "hackers," executed a large-scale transaction on the popular LUNC cryptocurrency network, while simultaneously seeking support for the implementation of Terraport 2.0. The incident, which involved a substantial transfer of approximately 800 million LUNC tokens to a centralized exchange (CEX) followed by a subsequent dump, has sent shockwaves throughout the crypto community. Read Also: Tony Edward Foresees XRP Rally upon Bitcoin's Retracement Peak, Hinging on Ripple Lawsuit Outcome Terraport 2.0 Suffers Another Major Hack, 800M LUNC Transfe...

TerraCvita To Relaunch Terraport Platform On The Terra Classic Blockchain Having Completed A Security Audit

25Apr

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

TerraCvita To Relaunch Terraport Platform On The Terra Classic Blockchain Having Completed A Security Audit

TerraCVita has announced plans to relaunch its Terraport platform on the Terra Classic blockchain after completing a security audit by Certik. Terraport is an innovative platform that securely and efficiently shares patient data and medical records. The platform uses blockchain technology to ensure that patient data is kept private and secure, while also allowing healthcare providers to access important medical information quickly and easily. Read Also: Concerning Terraport Hack, Terra Classic To Lock Up $2 Million Worth Of Funds Terraport To Relaunch According to the recent disclosure, the group noted that they are looking forward to whatever findings Certik makes. However, some proponents have voiced their disapproval, claiming that the security audit is too little, too late. ...

Concerning Terraport Hack, Terra Classic To Lock Up $2 Million Worth Of Funds

24Apr

By OLAJIDE SAMUEL1 Comment

Terra Classic (LUNC)

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...

Recent Investigation Reveals That More Than 6 billion LUNC Tokens Linked To The Terra Classic Hack

11Apr

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Recent Investigation Reveals That More Than 6 billion LUNC Tokens Linked To The Terra Classic Hack

In a recent Twitter announcement, it has been revealed that investigations into the Terra Classic hack have uncovered more than 6 billion LUNC tokens linked to the attack. This news is likely to raise concerns among investors and users of the Terra network, as it suggests that the scale of the hack may have been much larger than initially thought. Over 6 Billion LUNC Has Been Traced To the Terra Classic Hack ReXx disclosed the five addresses in a tweet today, noting that they are part of the wallets holding the stolen Terraport funds. According to him, he and the exchanges involved in the investigation have discovered all the stolen funds, including 15B+ LUNC and 9.4M+ TerraClassicUSD (USTC) tokens. Read Also: Shiba Inu Now Partners With Legendary Musician Scott Page https://twitte...

Terraport Protocol Allegedly Suffers A Major Breach Resulting In The Theft Of Almost 15 Billion LUNC Tokens

10Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terraport Protocol Allegedly Suffers A Major Breach Resulting In The Theft Of Almost 15 Billion LUNC Tokens

According to recent reports, Terraport, a decentralized finance (DeFi) protocol, has allegedly suffered a major security breach resulting in the theft of nearly 15 billion LUNC tokens. Data from Terra Finder suggests that almost $4 million worth of Terra Classic (LUNC), TerraClassicUSD (USTC), and TERRA has been drained. LUNC DAO, a prominent Terra Classic validator, first called attention to the unfortunate development today, sharing two transactions suggesting that the protocol had drained all its liquidity in LUNC, USTC, and TERRA. Read Also: The Potential Of Cryptocurrency For Financial Inclusion https://twitter.com/LUNCDAO/status/1645301178186489856 Terraport Hacks The first transaction shows the withdrawal of 9,148,426 (9.1 million) TERRA valued at an estimated $1.8 millio...

Terraport’s First-ever LUNC Burn Accounts For 100M Terra classic

8Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terraport’s First-ever LUNC Burn Accounts For 100M Terra classic

Terraport's first-ever LUNC burn is a significant milestone for the Terra blockchain ecosystem. The burn involved the destruction of almost 100 million Terra Classics, which shows a strong commitment to reducing the token supply and increasing the value of the remaining tokens. Terraport's first-ever LUNC Burns According to an official tweet in the late hours of Friday, the team disclosed that Terraport had burned 4,079 TERRA, the project’s governance token, and a staggering 10,602,530 (10.6 million) Terra Classic from the weekly Treasury burn. Moreover, they further revealed that the project had incinerated over 84 million LUNC tokens and more than 101,000 USTC through on-chain burns. With this being the first week of operations, the team emphasized that this is only the start, and t...

Terraport Releases Its Launch Roadmap, Its Public Launch Edges Close

17Mar

By OLAJIDE SAMUELNo Comments

Blockchain

Terraport Releases Its Launch Roadmap, Its Public Launch Edges Close

In the recent update, it was revealed that Terraport, a Terra Classic (LUNC) DeFi ecosystem built by TerraCVita, has released its launch roadmap following the end of the public token sale event, which spanned from Feb. 15 through March 15. The newly-released roadmap reveals that Terraport V1 will be launched on March 31. Terraport Roadmap The update was made known via the official handle of Terraport dubbed Terraport Finance, notifying the investors who had mistakenly provided erroneous receiving wallets when establishing vesting contracts to have a three-day window to amend their details. Read Also: Crypto Wallets For Beginners: Complete Guide https://twitter.com/_Terraport_/status/1636498941289062401 Per the roadmap, the Terraport team will start the distribution of TERRA on M...

TerraCVita Talks About The Progress Of Terra Classic Crypto Wallet, Sharing The Issues Faced In Its Coding

4Mar

By CryptolifedigitalNo Comments

Blockchain

TerraCVita Talks About The Progress Of Terra Classic Crypto Wallet, Sharing The Issues Faced In Its Coding

The launch of a crypto wallet was recently announced by Terra Classic autonomous group, TerraCVita, saying the wallet is basically for the Terra Classic network Terra Classic Crypto Wallet To Launch Soon The update was made known on the official Twitter handle of the TerraCVita earlier today, sharing the challenges faced by the developer in the course of the coding of the wallet. He also added that the coding issues which has been settled had been the cause of the delay for the wallet to enter its testing phase. Read Also: LUNC Validator Unveils Binance 8th Round LUNC Burns Date https://twitter.com/TerracVita/status/1631840460678348802 TerraCVita noted that work on the wallet would resume once the developers are satisfied that the Terra Classic infrastructure and the laye...