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Beosin: Terra Chain Event Vulnerability Belongs is a Vulnerability in the Cosmos Base Library

Beosin: Terra Chain Event Vulnerability Belongs is a Vulnerability in the Cosmos Base Library

Bitget2024/07/31 07:47

According to a Beosin Alert monitoring alert, it was discovered that the Terra chain was suspended due to an emergency upgrade. It appears that an IBC vulnerability has been exploited to mint multiple tokens on the Terra chain, including ASTRO.Analysis by the Beosin security team has found that the attacker, after instantiating the contract on Terra, has transferred approximately 60 million ASTRO, 3.5 million USDC, 500,000 USDT, and 2.7 BTC, exploiting a reentry vulnerability in the timeout callback in the ibc-hooks. This vulnerability was disclosed in April of this year and is part of a vulnerability in the cosmos base library that Terra has not fixed.

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