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Market
Will $ASTRO recover at least 50% of its value lost in the exploit by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
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Story
Terra Blockchain Halted After IBC Exploit Steals 60M $ASTRO
Jul 31, 2024, 07:23 AM
The Terra blockchain has been halted for emergency upgrades following a significant security exploit. An attacker exploited a reentrancy vulnerability in the timeout callback of IBC hooks, a third-party module, to steal approximately 60 million $ASTRO, 3.5 million $USDC, 500,000 $USDT, and 2.7 BTC. The vulnerability, which was disclosed in April, allowed the attacker to mint several tokens on the Terra chain. As a result of the exploit, $ASTRO has suffered a loss of more than 60% of its value.
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