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Incident Analysis
Post Mortem: TerraPort Finance
Post Mortem:  TerraPort Finance

Project name: TerraPort Finance

Project type: DEX

Date of exploit: Apr 10th, 2023

Asset loss: around $4M

Vulnerability: Centralization Related Risk

Date of audit report publishing: Dec 11th, 2023

Conclusion: Out of Audit Scope

Details of the Exploit


Terraport operates as a DeFi platform that uses smart contracts on the Terra Classic blockchain. It is structured around a circular economy model designed for perpetual self-sustainability. The platform's operations are driven by its inherent deflationary token, $TERRA, which serves as a key to unlocking different functionalities within the ecosystem.

Nature of the Vulnerability

The Terraport Liquidity wallet is breached due to potential centralization risk.

CertiK Audit Overview

Screenshot 2024-01-11 at 8.44.16 PM


On April 10th, 2023, the Terraport project team was alarmed breach detected with the Terraport Liquidity wallet. The total loss is around $4M.

CertiK performed the audit assignment after the exploit.