In a shocking development,DeFi platform on Terra Classic Network Terraport hacked Liquidity wallet has reported a security breach that has resulted in the loss of $2 million worth of funds. According to sources, the funds were transferred to Binance and MEXC_Global following the attack.

terraport statement on twitter

“A breach was detected in the Terraport Liquidity wallet this morning. The Terraport team is currently investigating this breach and efforts have been made to secure the protocol. Further official press release will be released later. We appreciate the understanding of our large community”

The Terraport team is currently investigating the breach and has made efforts to secure the protocol. While the investigation is still ongoing, the loss of funds is a significant blow to the platform and its users.