Astroport’s Seized 33 Million ASTROs Now in Treasury Custody

IconCryptoNewsTerminal Staff01 Aug, 2024

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Astroport’s Seized 33 Million ASTROs Now in Treasury Custody

Astroport (ASTRO), a popular automated market maker (AMM) decentralized exchange (DEX), has successfully recovered and secured 33 million ASTRO tokens that were stolen in a recent hack. The stolen funds were initially bridged to the Neutron blockchain, where they were subsequently seized by Astroport. The remaining 20 million ASTROs, which are still on the Terra blockchain, have been blacklisted, preventing the hacker from moving them. Astroport is working closely with the Terra team to find a solution for the remaining stolen funds. The exchange has also implemented an IBC Hook vulnerability patch to prevent similar attacks in the future. This incident highlights the importance of robust security measures in the cryptocurrency industry. Astroport’s swift response and successful recovery of the stolen funds demonstrate the exchange’s commitment to protecting its users’ assets. The stolen ASTRO tokens represent a significant portion of the total supply, and their recovery is a major victory for Astroport and its community. The exchange has assured its users that it is taking all necessary steps to ensure the safety of their funds.

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