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DOMAINS TOKEN-G

Ronald Maguire

13 May 2022 208 Read Crypto , Altcoins , Blockchain

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Terraform Labs Halts Terra Blockchain

Terraform Labs has paused the Terra blockchain to protect it from a possible attack. In the announcement made on Twitter, the Terra validators have decided to halt the Terra chain to prevent governance attacks, after severe LUNA inflation and significantly reduced attack cost.

Staking Disabled

Staking has been disabled to prevent attacks. The UST price lost its peg, causing huge losses for LUNA. The huge increase in LUNA supply was very effective in lowering the LUNA price. The LUNA is currently priced at $0.0000556.

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