Terra halts its blockchain to prevent hacks amid UST crash

Terraform Labs, the company behind the UST and Terra (LUNA) cryptocurrencies, halted the Terra blockchain Thursday following the Terra ecosystem’s meltdown this week, which caused its TerraUSD (UST) stablecoin token to crash, taking with it the rest of the cryptocurrency market.
The halt means no new blocks are being generated on the blockchain network after its block height of 7603700, and holders can’t move their Terra assets until the blockchain is unfrozen.
“Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significan

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