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Terra Classic Development Team Proposes to Lock $2M Worth of LUNC Stolen from Terraport

The Terra Classic team is seeking to save on-chain funds that have yet to be moved to secondary marketplaces by the hackers who stole over 15.1 billion LUNC from the Terraport layer-2 DeFi project.

Crypto Morning Briefing: Binance.US Backs Out of Voyager Asset Purchase Deal

Meta's Q1 Profits Plunge 30%, Pivots to AI for Metaverse Growth Amid TikTok Pressure; Coinbase Goes Offensive Against The SEC With Lawsuit Targeted At Regulatory Clarity; Venom Foundation Announces the Release of its Public Testnet; TerraCVita Plans to Relaunch Terraport on Terra Classic After Certik Audit
Crypto Morning Briefing: Binance.US Backs Out of Voyager Asset Purchase Deal

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.

Terra Classic Dev Team Confirms Terraport Hack Was an Insider Job

The Terraport hack, which resulted in the theft of over 15.1 billion LUNC tokens from liquidity pools on the Terra Classic layer-2 DeFi project, was not a hack but an orchestrated, long-term infiltration by an individual using a fake identity, according to a recent statement by TerraCVita, the independent LUNC development team and creator of Terraport. Investigations by Binance's security team and law enforcement have linked the attacker to a known criminal organization responsible for many other attacks in the crypto space. The team noted that 55% of all stolen funds have been frozen, and all of Terraport's code is under audit by CertiK to prevent similar incidents in the future.

TerraCVita Opposes LUNC Proposal 11468 to Protect Investors Funds

The proposal seeks to re-enable IBC to the Injective blockchain – a move that would allow the Terraport exploiter to take Terra Classic’s funds.

1.7B Terra Classic Staked in 24 Hours, 9B in a Week

The Terra Classic (LUNC) staking initiative is experiencing a significant surge in activity, as up to 1,762,058,462 (1.7 billion) tokens have been staked in the past 24 hours, increasing total staked tokens to a massive 964.6 billion. The current figure represents 14.06% of the asset’s total supply.

TerraCVita Consider Infrastructure Testnet Development For Terra Classic Network

The independent Terra Classic development group continues to devise strategic ways to revitalize the LUNC project and make the network attractive to DApp builders and investors.

TerraCVita Mulls Creation of Infrastructure Testnet for Terra Classic Network

The network will allow the Joint Layer 1 Task Force to synergize efforts with DApp developers.

Team Behind P2E Game on Terra Classic Gets Support to Use TerraCVita Endpoints

Garuda Nodes team behind the new play-to-earn (P2E) game on the Terra Classic blockchain Gets Support from Rex to Use TerraCVita Endpoints.

TerraCVita Mulls New LUNC-backed Stablecoin in Response to Binance’s CZ AMA

Independent Terra Classic development group TerraCVita recently discussed the possibility of creating a new algorithmic stablecoin for the Terra Classic chain that could, among other things, burn Terra Luna Classic (LUNC) faster.