Fun

News Feed - 2023-08-22 06:08:36

Helen Partz14 hours agoTerra.money website frozen to prevent more phishing scamsThe freeze comes shortly after Terra’s website was compromised over the weekend by hackers who attempted to scam users via phishing attacks.3197 Total views83 Total sharesListen to article 0:00NewsJoin us on social networksLayer-1 blockchain Terra has temporarily shut down its website in order to protect users from ongoing phishing scams on the platform.


“The terra(dot) money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway,” Terra officially announced on X (formerly Twitter) on Aug. 22.


Terra advised all users to avoid engaging with any sites under the aforementioned domain until the foundation posts an official “all-clear” notice from this account.


“Our team has been working around the clock to rectify this issue, but we’ve encountered delays with some third-party responses,” Terra added.


In the announcement, Terra also mentioned some latest details and updates regarding its multichain wallet Station Wallet, which allows users to access decentralized applications on diverse platforms blockchain networks, including Terra, Juno and Kujira.


On Aug. 21, Station Wallet posted significant updates about the wallet to increase safety and security of its users. Station Wallet urged users to stay away from using Station desktop and mobile apps until the wallet confirms their safety. “An announcement will be posted as soon as they have been updated,” the announcement noted.


Station Wallet also provided several links to the updated browser extensions and apps allowing users to interact with the wallet.


Related:SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea


The freeze comes shortly after Terra website was compromised over the weekend by hackers who attempted to scam users via phishing attacks. Terra initially posted a warning for users on Aug. 19, urging users to not interact with any sites with the Terra money domain until further updates are published. Terra then soon published a similar warning the next day, on Aug. 20.To all Terra users,

Please do not interact with any sites with the terra(dot)money domain until we put out another update.

Although sites are coming back online, the team is still working to secure full access to the domain.

During this time, please only refer to our…— Terra Powered by LUNA (@terra_money) August 19, 2023


The latest issues hitting Terra come more than a year after the previous version of the Terra digital ecosystem collapsed in May 2022. The event wiped out $40 billion from the crypto ecosystem and triggered a massive contagion in the industry as Terra"s algorithmic stablecoin UST collapsed.


Related:SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea


Despite all the failures, a part of Terra community led by Terra co-founder Do Kwon decided to stay and work on reviving the project. The enthusiasts subsequently launched Terra 2.0 with the promise of helping retrieving the lost funds.


According to data from CoinGecko, Terra’s (LUNA) market capitalization amounts to $152.7 million at the time of writing. The token has significantly tumbled amid the news of Terra money’s latest hack, losing 22% over the past seven days. The token is also down more than 70% over the past year.Terra (LUNA) seven-day price chart. Source: CoinGecko


Some online industry observers have expressed little to no sympathy to those affected by the latest issues on Terra due to its long history of issues.


“If you have a terra.money domain it deserves to be hacked,” one Redditor wrote in a thread discussing Terra money’s latest hack. “If you’re still in the Terra ecosystem, I have little sympathy for you,” another user on Reddit stated.


Big Questions: Did the NSA create Bitcoin?


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.# Altcoin# Phishing# Scams# DeFi# Terra# LUNCAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokens5 strategies to mitigate side channel attacks on cryptocurrency hardware walletsCrypto P2P scams in India show digital asset education is needed

News Feed

Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push
Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push Defi Kingdoms, a metaverse-based blockchain game, is experiencing a rise in activity due to the push that meta
Apple Intelligence may be absent from initial iOS 18 rollout: Report
Tom Mitchelhill8 hours agoApple Intelligence may be absent from initial iOS 18 rollout: ReportApple’s new AI features will potentially arrive a few weeks later in October, giving developers more time to iron out potent
JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian
Ana Paula Pereira9 hours agoJPMorgan’s Onyx to industrialize blockchain PoCs from Project GuardianTraditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept int
Ethereum Trades Inside A Multi-Year Bullish Pennant – Analyst Sees A Breakout Above $4K
Este artículo también está disponible en español. Ethereum experienced one of the craziest days in its history last Monday, plunging over 30% in less than 24 hours amid w
Brayden Lindrea6 hours agoMarathon Digital sees 670% revenue gain in Q3 as Bitcoin production surgesMarathon announced a 467% increase in Bitcoin production year-on-year in the third quarter, while hashrate rose over 400
Ethereum Bullish Pattern Points To Immediate $3,000 Target – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Alice Ivey10 hours agoHow to protect your privacy onlineDiscover effective strategies to maintain online privacy and learn how to safeguard your personal information while navigating the digital landscape.557 Total views
Ethereum Holds Key Range Support After Pullback – Bulls Eye $3,000 Level
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
XRP Price Set To Resume Upside: Is Momentum Building?
Este artículo también está disponible en español. XRP price is holding gains above the $0.5450 zone. The price seems to be eyeing more gains above the $0.5550 and $0.5650
The 5 Best Cryptos To Buy as DOJ Prepares to Sell $6.5B In Silk Road Bitcoin
Este artículo también está disponible en español. Bitcoin has been on a rollercoaster ride lately. It finally broke through the $100K mark in early December and peaked at
Tether CEO advocates for localized AI models to prevent hacks
Savannah Fortis14 hours agoTether CEO advocates for localized AI models to prevent hacksTether CEO Paolo Ardoino responded to OpenAI’s recent hack by claiming that localized AI models are the key to ensuring independen
Bill Gates: Crypto Has No Valuable Output — It’s Not Adding to Society Like Other Investments
Bill Gates: Crypto Has No Valuable Output — It"s Not Adding to Society Like Other Investments Microsoft co-founder Bill Gates has explained why he does not own any bitcoin or oth