DeFi News Official TheBitTimes.com

Terra users are losing another round of funds due to a breach on the new DeFi platform Terraport Finance, which launched on March 31. The algorithmic stablecoin TerraUSD (UST) collapsed almost one year ago, but some Terra-related projects are still live and trying to overcome some issues. Terraport Finance, a decentralized finance (DeFi) exchange project based on the Terra Classic blockchain, suffered a breach on its liquidity wallet on April 10. Announcing the news on Twitter, Terraport said the hacker had drained all liquidity pools from the platform, causing losses of about $2 million worth of digital assets. “We are currently working with community members and major exchanges to secure as many of these funds as possible and blacklist wallets. All funds have been tracked,” Terraport stated. According to social media reports, the Terraport hacker has allegedly transferred the stolen funds to exchanges like Binance and MEXC Global. The investigators have urged the exchange’s security...

1. ETH’s weekly summary a. Ethereum Foundation announces Shapella network upgrade activation date link On March 28, the Ethereum Foundation officially released an announcement: The Shapella network upgrade will activate on the Ethereum network at epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023. b. Ethereum developer: Testing of Shapella upgrade is entering its final stages link Ethereum Developer Conference: Testing of Shapella upgrade is entering its final stages, with a last mainnet shadow fork scheduled next week and cross-client EVM fuzzing of the latest releases. The EVM Object Format (EOF) has been updated, but developers are skeptical whether it can be released in conjunction with the EIP-4844 in Cancun, or put into the next fork. c. MakerDAO community approves governance reforms with 76% support link On March 28, the MakerDAO community approved 14 governance proposals with a 76% majority vote. The proposals include changes to the MakerDAO charter, the Endgame MIP, and...