A concerning development surfaced in the continuing Terraport Finance controversy, as the attacker behind the Terraport platform based on Terra Classic (LUNC) had managed to steal an additional 590 million LUNC tokens, leading to charges of TerraCVita’s irresponsibility.
A Terra Classic community member known as reXx, who frequently engages in the community, recently posted the shocking news on Twitter. He highlighted concerns about the Terraport team’s ability to resolve difficulties and gave light on the disappearance of the additional 590 million LUNC tokens from the stolen funds during the Terraport exploit.
Btw, the Terraport rugger made off with another 590M LUNC 4 days ago while I was on vacation.
Unsure if anyone took care of that. pic.twitter.com/GL9ZJYfHnc
— reXx™ (@CosmoSreXx) July 5, 2023
Read Also: Top Exchange Set to Return Terra Classic (LUNC) Tokens Stolen on Terraport
These funds were withdrawn four days ago while reXx was on vacation, raising questions about whether sufficient action was taken to remedy the matter.
In a subsequent tweet, the LUNC influencer indicated that he would no longer be monitoring the addresses associated with the attack. He shared the six addresses with another community member named Danny Demi, who will now be in charge of keeping an eye on them.
reXx expressed concerns about the team’s capacity to trace the stolen assets, implying that the funds could have been frozen as soon as they arrived at exchanges if they had been continuously tracked.
reXx encouraged current LUNC investors to question the Terraport team’s behavior rather than taking their comments at face value. He emphasized the month-long delay in finishing the Certik audit, which has remained at 85% completion. According to CosmoSreXx, such audit delays are extremely rare.
Furthermore, he expressed reservations about the expertise of a renowned TerraCVita figure, Rexyz. According to the Terra Classic influencer, Rexyz lacks technical experience in IT, blockchain, or coding.
reXx further claimed that Rexyz made misleading claims about payment for endpoints and Terra Station support, stating that only one payment for endpoints was made and that Allnodes covered the majority of expenditures.
Key Points:
- The Terraport Rugger attacker has stolen an additional 590 million LUNC tokens.
- reXx shared concerns about the Terraport team’s ability to address the issues effectively and the disappearance of the funds.
- reXx handed over the monitoring task to Danny Demi after disclosing the addresses connected to the hack.
- Over 800 million LUNC tokens worth $88k were irretrievable, according to reXx.
- reXx urged LUNC investors to question the actions of the Terraport team and highlighted the delayed Certik audit.
- Concerns were raised about the expertise of Rexyz, a member of TerraCVita, who lacks a technical background.
- Rexyz’s claims regarding payment for endpoints and Terra Station support were alleged to be false.
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