Terra Blockchain Officially Halted to Prevent Governance Attack

– The price of LUNA has collapsed by 99% in the past week
– This has led to the freezing of the Terra blockchain by the validators
– The team argues that at such low prices, a whale buyer could easily commit a governance attack on the network
– The chain was officially frozen at block 7,603,700
– Terra’s collapse is largely due to the destabilization of UST’s peg to the dollar

 

 

Terra Dark Terra Blockchain Officially Halted to Prevent Governance Attack
Terra Blockchain Officially Halted to Prevent Governance Attack 2

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