Terra Freezes Website, Warns Against Phishing Scams
- Blockchain network Terra said its website was compromised by hackers over the weekend, and warned users against ongoing phishing scams.
- The platform later froze its website to prevent the hackers from exploiting it, and reminded users to avoid websites with the terra.money domain for now.
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Layer-1 blockchain network Terra has taken temporary measures to protect its users from ongoing phishing scams on the platform by freezing its websites, the platform said via Twitter on 22 August.
According to the announcement, Terra users are also advised to avoid engaging with all websites under the “terra.money” domain due to ongoing phishing scam attempts from hackers. The reason behind the terra.money website freeze was that it was compromised over the weekend by hackers, who used their newly gained access to scam victims out of their crypto.
The network first noticed the phishing scam attempts on Monday, when it warned its users to avoid interactions with terra.money domain. The platform assured users that its team has been “working around the clock” to rectify the situation, but was met with delays with some third-party responses.
Terra’s website was not the only one compromised by the hackers, with Station Wallet — Terra network’s official wallet provider — also advising its users on Monday to avoid its web and mobile apps due to phishing attempts. A day later, the wallet provider said it had made “significant changes” to ensure the safety of its users, noting that it had updated its web app as well as its Chrome, Firefox, and Edge extensions. As the updates were published in a rush, the platform still advised its users to avoid the desktop and mobile apps until it can “confirm their safety”.
- Popular Telegram bot Unibot, which is used to snipe trades on Uniswap, became a victim of a token approval exploit earlier today, when it was switching to a new router.
- After confirming the exploit, Unibot assured users that their keys and wallets were safe, and that the project will compensate all affected users.
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- Karl Greenwood, co-founder of the OneCoin crypto pyramid scheme, was sentenced to 20 years in prison, and ordered to pay back the $300 million he made in commissions.
- Greenwood was the “global master distributor and the leader of the MLM (multi-level marketing) network” during his time in OneCoin, earning him 5% of all monthly sales.
- Ethereum co-founder Vitalik Buterin has regained his T-Mobile account, which on Saturday was compromised by hackers and used to take over his X account.
- On 9 September, hackers used a SIM-swap attack to take over Buterin’s X account, and siphon close to $700,000 in crypto by promoting a fake NFT giveaway.