The Terra community discovered an exploit in Mirror Protocol's liquidity pools
Members of the sky-burnt Terra community just two days after the launch of Terra 2.0 found an exploit that threatened its liquidity pools. Users literally forced the developers to stop using mBTC, mETH, mGLXY and mDOT as collateral.
According to Mirroruser, Terra's Mirror was under attack that allowed the scammer to steal $2 million worth of assets: “This is happening right now. Probably due to the outdated price of the uluna oracle, the mBTC, mETH and mDOT pools have been merged. All other pools will be depleted as soon as the new oracle prices come in.” Mirroruser has attached a list of transactions.
On May 31, Mirror cut off mBTC, mETH, mGLXY and mDOT collateral. But the blow to the reputation of Terra 2.0 is irreparable.
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