Cointime

Download App
iOS & Android

TerraCVita Plans to Relaunch Terraport on Terra Classic After Certik Audit

TerraCVita disclosed that the Certik audit is now underway and the team plans to relaunch Terraport to help rebuild the Terra Classic chain.

TerraCVita recently revealed that they have commissioned an audit of the Terraport codebase from Certik, a reputable blockchain security firm. The development group also announced its intention to relaunch Terraport and further contribute to the revitalization of the Terra Classic network.

According to the recent disclosure, the group noted that they are looking forward to whatever findings Certik makes. However, some proponents have voiced their disapproval, claiming that the security audit is too little, too late.

The latest announcement comes after repeated calls for a security audit to be conducted on the DeFi platform before its launch. Notably, after the Terraport hack, reXx, a member of the Terra Classic community, revealed that he had raised the alarm about multiple security vulnerabilities on the platform. However, TerraCVita did not heed these warnings.

(by Albert Brown)

Comments

All Comments

Recommended for you

  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
  • Terra founder Do Kwon to be extradited to U.S.

    Terra founder Do Kwon will be extradited to the United States.
  • Cointime February 3 News Express

    1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions
  • Cointime January 14 News Express

    1.Digital asset protocol Metaplex will list its Solana inscription on January 162.Investment bank TD Cowen: The U.S. SEC will not approve an Ethereum spot ETF in the short term3.Binance, Kraken and other nine trading platforms have been removed from Google App Store in India4.Barclays economists advance forecast for Fed rate cut to start from June to March5.The Chairman of the U.S. SEC issued a statement on the theft of the SEC's official Twitter account: The impact is still being evaluated and the company is cooperating with law enforcement agencies for
  • Cointime January 7th News Express

    1.Ordinals’ cumulative fee income exceeds 5,400 BTC
  • Cointime December 31st News Express

    1.Linea mainnet has crossed 305,685 ETH
  • Cointime December 24 News Express

    1.RTFKT will launch the Animus project in Q1 2024
  • Cointime December 23 News Express

    1.The U.S. SEC requires Bitcoin spot ETF issuers to confirm authorized participant information in the next update application
  • CertiK Chief Security Officer: The number of security incidents as of September 2023 has exceeded the total in 2022

    On October 23, at the ETH HK Side Event, a Web3 ecosystem security forum jointly held by CertiK and OKLink in Causeway Bay, Hong Kong, Professor Li Kang, Chief Security Officer of CertiK, shared his views on digital asset security construction. He pointed out that according to CertiK's statistics, the number of security incidents as of September 2023 has exceeded the total number in 2022. Hacking attacks and fraudulent behavior are still important threats, seriously hindering the development of the Web3 industry. Li Kang also mentioned the revolutionary feature of transparency in the Web3 field. The entire ecosystem can reduce security risks through public and transparent measures, such as asset management solutions. At the event, leaders from the Hong Kong Investment Promotion Agency, OKLink, and BlockSec shared their related work and latest developments in Web3 security construction. For example, CertiK and OKLink have received responses from multiple exchanges in asset tracking locking and data labeling. Finally, Li Kang hopes to further strengthen Hong Kong's position as a Web3 innovation gateway in the rapidly growing Asia-Pacific region through this sharing, and jointly promote the safe application and landing of Web3 technology.