Terra Blockchain Hacked: $5 Million Stolen, Chain Halted
The Terra blockchain recently suffered a major security breach, resulting in the theft of around $5 million in cryptocurrencies. What Happened? The attack exploited a vulnerability in the blockchain’s Inter-Blockchain Communication (IBC) system, which allows different blockchains to communicate with each other. Here’s the breakdown: The Exploit: A malicious contract was deployed on the Terra…