Cryptocurrency
"Terraform's Legal Team Quits Amid Terra Stablecoin Fallout"
Primary Source ↗Blockchain(s)
Terra
Incident Details
In what seems like a bad sign for Terraform Labs, the developer of the Terra blockchain and the TerraUSD (UST) and Luna cryptocurrencies, the three members of the company’s legal team left the company. This came shortly after UST, Luna, and the entire Terra ecosystem dramatically collapsed after the stablecoin lost its peg last week.
Technical Details
- Initial Attack Vector
- Regulatory / legal action
- Vendor / Product
- Terraform Labs' legal team resigns
Timeline
- 2022-05-17 Breach occurred
- 2022-05-17 Publicly disclosed