Terra (LUNA) Network Addresses Scammed Out of $4,310,000 in Phishing Attack: Blockchain Security Firm SlowMist

A leading blockchain security firm is warning that a phishing scam has defrauded more than 50 Terra Network (LUNA) users out of nearly $4.31 million in crypto assets.

On Twitter, crypto security company SlowMist urged LUNA marketers should be wary of fake ads, noting that the majority of the attack resulted from phishing ads from Google.

“Users would search for well-known projects on the Terra blockchain such as Anchor or Astroport only to click on the first Google link. These may look like normal advertisements and some even display the same domain names, but once you click on the link, the domain name actually changes.

When clicked, it prompts you to connect your wallet, but instead of logging in, users are prompted to enter their seed phrase. »

Source: SlowMist_Team/Twitter

Crypto assets worth nearly $4.31 million were transferred to a single address between April 12 and April 21.

In order to avoid being a potential victim, SlowMist recommends users of the Terra blockchain to exercise caution and avoid clicking on Google advertising links, as well as links “with questionable sources”.

LUNA is trading at $92.13 at the time of writing. The 8th largest crypto asset by market capitalization is up almost 13% in the past seven days.

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Featured Image: Shutterstock/Aranami/WindAwake

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