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1/ 🚨Important Announcement🚨
@_Terraport_ what happened🧵⬇️.
As we are all aware, our fantastic #LUNC community has massive energy in fighting crime, as well as seeking out truth.
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@_Terraport_ what happened🧵⬇️.
As we are all aware, our fantastic #LUNC community has massive energy in fighting crime, as well as seeking out truth.
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2/...
This is a great strength. However, that unadulterated energy can lead to conspiracy theories as well.
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This is a great strength. However, that unadulterated energy can lead to conspiracy theories as well.
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3/...
@Terraport the truth.
The team was not subject to a “hack,” but an orchestrated, planned long-term infiltration that started 3 months ago with an individual using a fake identity.
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@Terraport the truth.
The team was not subject to a “hack,” but an orchestrated, planned long-term infiltration that started 3 months ago with an individual using a fake identity.
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4/...
Investigations conducted by @binance’s security team and law enforcement have linked the attacker to a known criminal organization with a long pedigree for mounting attacks such as this one.
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Investigations conducted by @binance’s security team and law enforcement have linked the attacker to a known criminal organization with a long pedigree for mounting attacks such as this one.
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5/...
The threat this organization poses is omnipresent, and they have been responsible for many other attacks in the crypto space. Unfortunately, they will not be bargained with, have immense resources, and will not give in.
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The threat this organization poses is omnipresent, and they have been responsible for many other attacks in the crypto space. Unfortunately, they will not be bargained with, have immense resources, and will not give in.
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6/...
Given the sensitive nature of the situation, and to maximize the chances of a successful recovery of funds, we have not been able to communicate the details as quickly as we would have liked. While this has led to some FUD, we have been hard at work behind the scenes.
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Given the sensitive nature of the situation, and to maximize the chances of a successful recovery of funds, we have not been able to communicate the details as quickly as we would have liked. While this has led to some FUD, we have been hard at work behind the scenes.
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7/...
Through coordination with @binance and the services that have received stolen funds, we have successfully frozen an estimated 55% off chain (by value) of the total amount stolen, and we are increasingly confident this will be returned. We continue to track funds.
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Through coordination with @binance and the services that have received stolen funds, we have successfully frozen an estimated 55% off chain (by value) of the total amount stolen, and we are increasingly confident this will be returned. We continue to track funds.
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8/...
This event serves as a lesson to allow us to learn and improve upon our internal security and related practices, and we hope others will also benefit from our experience. We apologize for any distress caused and any lack of foresight on our part.
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This event serves as a lesson to allow us to learn and improve upon our internal security and related practices, and we hope others will also benefit from our experience. We apologize for any distress caused and any lack of foresight on our part.
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9/...
All of Terraport’s code, is currently under audit by CertiK and we intend to maintain an ongoing relationship with them to ensure a safer future for the project.
Audit findings will be made available for the community.
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All of Terraport’s code, is currently under audit by CertiK and we intend to maintain an ongoing relationship with them to ensure a safer future for the project.
Audit findings will be made available for the community.
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10/...
We are also working with partners to explore how we can improve security standards for all of the community and optimize emergency response times to help combat such criminal activities.
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We are also working with partners to explore how we can improve security standards for all of the community and optimize emergency response times to help combat such criminal activities.
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11/...
We are increasingly confident sufficient funds will be recovered to allow Terraport to relaunch and for us to continue to provide support for LUNC with innovative products, infra support, L1 contributions, and stability for the ecosystem.
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We are increasingly confident sufficient funds will be recovered to allow Terraport to relaunch and for us to continue to provide support for LUNC with innovative products, infra support, L1 contributions, and stability for the ecosystem.
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12/...
In pursuit of this, we'll issue a new roadmap to relaunch Terraport and:
- maximize investor / user returns,
- provide needed support to aid LUNC recovery,
- help projects wishing to build on TerraClassic, &
- build on the success of the initial launch success.
...
In pursuit of this, we'll issue a new roadmap to relaunch Terraport and:
- maximize investor / user returns,
- provide needed support to aid LUNC recovery,
- help projects wishing to build on TerraClassic, &
- build on the success of the initial launch success.
...
13/...
We hope the community will help and continue to support us in this endeavor.
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We hope the community will help and continue to support us in this endeavor.
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14/...
Only in DeFi would this be possible. This event has brought so many together, with people laying down differences to rise up and support those fighting to rescue LUNC. It is this shared commitment we all have that makes us the most vibrant community in crypto.
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Only in DeFi would this be possible. This event has brought so many together, with people laying down differences to rise up and support those fighting to rescue LUNC. It is this shared commitment we all have that makes us the most vibrant community in crypto.
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16/...
@TerracVita will never be stopped by bad actors or criminals. We will always stand with the pillars of the crypto community that fight for good, and be the voice of reason and integrity.
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@TerracVita will never be stopped by bad actors or criminals. We will always stand with the pillars of the crypto community that fight for good, and be the voice of reason and integrity.
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17/...
We are immensely humbled by the support of our loyal followers that have continued to believe in us, it is you we humbly serve.
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We are immensely humbled by the support of our loyal followers that have continued to believe in us, it is you we humbly serve.
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18/...
Our special thanks to those that have helped, including;
@binance @cz_binance
@kucoincom @lyu_johnny @MEXC_Global @SimpleSwap_io
The Binance security team
The L1 team: @frag_dude and @TheVinhNguyen4 for providing solutions and many others.
#LUNC will prevail.♥️🙏
Our special thanks to those that have helped, including;
@binance @cz_binance
@kucoincom @lyu_johnny @MEXC_Global @SimpleSwap_io
The Binance security team
The L1 team: @frag_dude and @TheVinhNguyen4 for providing solutions and many others.
#LUNC will prevail.♥️🙏
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