Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Terra (LUNA) has issued a critical announcement to its users following phishing attempts on its website.
In the most recent update, Terra reports that attempts to freeze the Terra (dot) money domains have been successful in stopping user phishing attacks. A complete resolution is still being worked on.
1/ Update: The terra(dot) money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway.
Please read the following 🧵 for more information 👇— Terra 🌍 Powered by LUNA 🌕 (@terra_money) August 22, 2023
Although the domains have been temporarily frozen, Terra urges all of its users to continue to avoid visiting websites with the Terra (dot) money domain until it releases an official "all-clear" announcement.
Tomiwabold OlajideTerra guarantees that its team is working around the clock to resolve the issue but notes that some third-party responses have been delayed. Terra also gave an update on Station Wallet, a Terra-powered multichain Web3 wallet, in which multiple changes have been made to protect customers.
Station Wallet advises users to avoid using the Station desktop and mobile apps until their safety is guaranteed. The Web3 platform guarantees that an update will be posted considerably sooner.
Meanwhile, the Station Chrome extension has been upgraded to 7.4.4 to combat phishing attempts and is now safe to use. Other Station browser extensions, such as Firefox and Microsoft Edge, have also been upgraded to the most recent versions and are safe to use. Additionally, the Station web app is now live on a new domain.
Over the weekend, hackers attempted to defraud customers using phishing attempts on the Terra website. On Aug. 19, Terra issued a caution to users, advising them not to interact with any sites using the Terra Money domain until additional updates are available. The following day, Aug. 20, Terra issued a similar warning.
The most recent troubles to affect Terra occurred more than a year after the Terra ecosystem imploded in May 2022. As Terra's algorithmic stablecoin UST crashed, the event wiped out billions of dollars from the crypto ecosystem, triggering a string of bankruptcies as the contagion spread.
Alex Dovbnya
Vladislav Sopov
Dan Burgin