Breaking: Terra (UST) Blockchain Halted at Block Height 7603700
After a week filled with tragic events for crypto investors, the Terra ($UST) blockchain has been halted at a block height of 7603700 on May 13th. This decision was officially made by Terraform Labs, the development company behind the ill-fated network. Terraform Labs halted the Terra blockchain to hedge it against a possible attack. BREAKING: Terra $UST blockchain has been halted at a block height of 7603700.
Terra Validators Halt the Blockchain: Key Details
Terra validators have decided to halt the blockchain to prevent governance attacks following severe LUNA inflation and a significantly reduced cost of attack. Through its official Twitter handle, Terraform Labs has announced that its blockchain network was halted at a block height of 7,603,700. The network further stated that Terra validators halted the failed blockchain at a block height of 7603700. Key Takeaways:
- Terraform Labs' official Twitter handle confirmed that the blockchain network was halted at a block height of 7,603,700.
- The move follows a series of dramatic events impacting the LUNA and UST stablecoin.
Terraform Labs posted an update late Thursday confirming that the blockchain was halted at a block height of 7,603,700. The movement follows a series of LUNA.