Odaily News The Terra blockchain has reported a security vulnerability on its network. An unknown attacker exploited a known vulnerability related to the third-party module IBC hooks, which is used for cross-chain contract calls and token transfers. The attacker used this vulnerability to steal funds from bridged assets, including USDC and Astroport tokens. Initial estimates suggest that tokens worth approximately $3 million may be affected. After discovering the incident, Terra implemented emergency measures to prevent further damage and ensure that no additional tokens are stolen while the vulnerability is being resolved. Earlier today, Terra tweeted that the Terra chain was briefly stopped at block height 11430400, during which time no transactions will be processed. Terra will work with validators on Terra (phoenix-1) and subsequently apply an emergency patch to fix the suspected vulnerability.