On December 28th, Terra experienced a severe spam attack. This dashboard provides an analysis along with relevant metrics to comprehend the incident.
Introduction
This dashboard presents a comprehensive analysis of the severe spam attack experienced by Terra on December 28th, 2023. The attack involved the deployment of a modified cw1155 contract and utilized bot accounts, impacting the user experience with transaction delays. While Terra validators withstood the attack from a consensus standpoint, the broader ecosystem, especially Inter-Blockchain Communication (IBC) and user interactions, was adversely affected. The attacker leveraged the recently added fee share module, receiving a 50% refund on gas costs. The financial motivation behind the attack is explored, indicating a potential focus on disrupting user experience rather than direct financial gain[1].
The analysis delves into costs, and implications for the Terra ecosystem, providing valuable insights for a deeper understanding of the incident.
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