Weekly Blockchain Security Watch

July 29 to August 4

From July 29, 2024 to August 4, 2024, all security incidents that had occurred are Security Hacks.

SECURITY HACKS:

1. Metis Discord Compromised

On July 30, Metis@MetisL2’s Discord server was compromised. Metis@MetisL2 is an Ethereum layer 2 network.

2. Terra Blockchain Compromised

On July 31, blockchain Terra@terra_money suffered an exploit.

60M $ASTRO, 3.5M $USDC, 500K $USDT, and 2.7 $BTC were hacked.

The chain would be halted shortly at block height 11430400 and transactions would not be processed during this time.

Crypto assets worth more than US $6 million were exploited in this incident.

CONCLUSION-

2 notable security incidents have occurred in the past week. One was an attack on social media and the other was an attack on a blockchain.

A Reminder for Project Teams: Always test thoroughly. Do smart contract audits before deploying smart contracts on-chain. Be alert to any anomalies happening in the various social media accounts you manage.

A Reminder for Crypto Users: Be cautious about suspicious links, emails, websites, and projects launched by teams without established reputations.

It is important for everyone in the crypto community to gain understanding and practice sufficient levels of cybersecurity.

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