Recently, the Terra blockchain was targeted by a malicious attack, resulting in approximately $4 million worth of assets being unauthorizedly withdrawn. Upon receiving the alert about the vulnerability, Terra acted swiftly, collaborating with the validator team, immediately halting operations on the Terra chain and releasing software upgrades to patch this security risk. Following a series of emergency measures, Terra has blacklisted user wallets involved in the exploit. Once the detailed circumstances of the attack have been thoroughly established, Terra will publish a more in-depth analysis report detailing the full extent of the incident and subsequent response strategies. This event underscores the importance of blockchain security and also showcases Terra’s quick response capability when faced with challenges.