Breaking: Terra blockchain officially halted following LUNA price collapse
Validators decided to halt chain operations on Thursday in anticipation of governance attacks as the LUNA token plunged over 99%. Validators for the Terra blockchain have decided to officially halt network activity on Thursday in a move designed to prevent governance attacks following the severe devaluation of the network’s LUNA token. Terraform Labs' official Twitter handle confirmed that the blockchain network was halted at a block height of 7,603,700. The move follows a series of dramatic events that triggered an unprecedented decline in the price of LUNA and its associated TerraUSD....
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