Terra (LUNA) Begins to Pay Attention to Security Measures After the Collapse!

Terra (Luna) validators on Monday SCV Security‘eat $900,000 took the decision to expand security measures with a payment.

Terra (LUNA) Verifiers Paid $900,000 to Security Auditor SCV

SCV says it will make sure Terra’s ecosystem provides “minimal” security. SCV will detect and monitor vulnerabilities, risks and potential threats to the second version of the protocol.

The company describes itself as Terra’s “trusted security provider” and conducts white-hat cybersecurity efforts across the Terra ecosystem and directly Terraform Labs He says he’s working with

SCV CEO Vinicious Marino“We believe everything is hackable as technologies and hacking tools become more sophisticated,” wrote in the proposal.

Marino said SCV will take a “proactive approach” to securing the Terra network and will actively monitor projects to ensure “minimal” security.

While Terra went through a death spiral earlier this year, its manufacturer Do Kwon strove to revive the network with Terra 2.0, a fork of the original chain.

The community of token holders on this new network voted to airdrop LUNA to users, create a social KYC protocol, and fund a new stablecoin.

In the proposal, the SCV has approximately approx. 500,000 LUNA or 900,000 dollars demanded.

The proposal was accepted, although some members of the community turned down such a hefty request, raising questions on the forum about how SCV would use the money and whether it was the best lump sum.

*Not investment advice.