Terra Classic's DeFi platform Terraport appears to have been hacked, resulting in a loss of nearly $4 million.
According to a report by The Crypto Basic on April 10, the decentralized finance project Terraport, developed by the independent development team TerraCVita on Terra Classic, was hacked and all of its liquidity was drained. Terra Finder data shows that nearly $4 million worth of LUNC, USTC, and TERRA Tokens were emptied. The attacker extracted 9,148,426 TERRA and 15.1 billion LUNC in the first transaction, and 576,736 TERRA and 5,487,381 USTC in the second transaction. Terraport officials stated that a vulnerability was detected in the Terraport Liquidity wallet this morning and the team is currently investigating the issue and working to protect the protocol. Further official announcements will be released later. We appreciate the community's understanding.