On July 30th, Astroport, a DEX on the Terra network, fell victim to a hack resulting in losses of roughly $6.4 million.

The attack exploited a vulnerability that was known and patched in April, only to be accidentally reintroduced in a June upgrade.

This oversight raises serious questions about the state of security practices in the wake of regulatory actions against Terraform Labs (TFL) by the SEC.

The exploit sheds light on the complex interplay between regulatory actions and ecosystem security, highlighting potential gaps in the maintenance of critical infrastructure.

It also underscores the importance of heeding security warnings and the need for robust processes to prevent the reintroduction of known vulnerabilities.

This incident is more than just another entry in the long list of DeFi exploits, it's a stark reminder of the consequences of ignored warnings and regulatory actions.

As the summer heats up, so does the frequency of crypto heists.

But when old bugs come back to haunt us and warnings fall on deaf ears, who's really to blame?