How Was Terraport Finance Hacked?

2023-04-11 Neptune Mutual

https://neptunemutual.com/blog/how-was-terraport-finance-hacked/

Terraport Finance lost about $3.9 million on April 10, 2023 after its Terraport Liquidity wallet was breached and drained of LUNC, TERRA, and USTC tokens. The source says the root cause was still unknown, but two attack transactions moved roughly 15.1 billion LUNC, 9.7 million TERRA, and 5.5 million USTC. Binance reported no deposits tied to the hacked funds, while the funds were transferred to KuCoin and MEXC and the team worked with exchanges to secure or blacklist the wallets.

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