Terraport Finance launched on March 31, apparently having gone live without any sort of audit. On April 10, Terraport disclosed that an attacker had apparently managed to drain all project liquidity pools, making off with assets priced at around $2 million.
Terraport Finance is a defi project built on, believe it or not, the Terra blockchain. Yes, the same Terra blockchain on which the Terra/Luna projects were built. Despite the massive collapse of the flagship project in May 2022, there are still a number of Terra projects operating, and even some new projects being developed.