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Terraport Allegedly Hacked, Nearly 15 Billion LUNC Drained

Terraport, a recently-launched Terra Classic DeFi platform developed by TerraCVita, has reportedly been hacked, with all of its liquidity drained. Data from Terra Finder suggests that almost $4 million worth of Terra Classic (LUNC), TerraClassicUSD (USTC), and TERRA has been drained. As of press time, there has been no official statement from the TerraCVita development group or the Terraport team, fueling speculations that this could be a hack or an elaborate rug pull scheme. Some of the funds withdrawn to MEXC Global, amounting to $124K, have been frozen by the exchange upon alert. Concerns regarding Terraport had emerged on April 8 when the project revealed that it had burned almost 100 million LUNC tokens without transaction proofs.

(By MARK BRENNAN)

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