BlockThreat - Week 21, 2022
Terra | Mirror Protocol | Moonbirds | Off the Chain
Greetings!
Terra continues causing a mess now with bad price oracles generating even more bad debt. Details of a quietly patched Mirror Protocol vulnerability that cost them $90M last year. Solana community helped trap scammers by collaborating with an NFT marketplace to prevent them from making a profit.
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Events
Off the Chain is happening on June 7, 2022 in San Francisco, CA including a number of CTF competitions.
SANS Blockchain Security Summit 2022 on August 31, 2022.
News
Luna investor arrested for knocking on Do Kwon’s door.
A $90 million DeFi exploit on Terra went unnoticed for seven months.
Scams
Scammer stole $1.5M worth of Moonbirds using a fake exchange.
Hacker tastes own medicine as community gets back stolen NFTs by working with a NFT marketplace.
Hacks
On May 30, 2022, Mirror Protocol and Anchor Capital lost combined $2.8M+ due to faulty Luna price oracles.
Other Incidents
Ethereum Beacon chain suffers a reorg due to outdated clients.
Solana chain restarted after on-chain timestamp was desynced.