The Terra Classic (LUNC) community has suffered another blow to its recovery plans from last year's black swan event, as reports reveal that the network was attacked on its Terraport liquidity wallet, leading to significant losses. Terraport Finance confirmed the attack, but did not disclose the actual sum of LUNC lost, though rumors suggested it was around $4 million.
This latest attack may place a huge dent on investor confidence, as LUNC has been struggling to exit its lower range and had already lost roughly $33.8 million from its market cap in the last 48 hours. The extent of the hack's impact on investor confidence should be clear in the next few days.
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