Terra Classic

Million

Terra

Elon Musk

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 <p>Terra, a layer one blockchain, had to temporarily shut down its website – Terra.<a rel="noopener noreferrer nofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a> – to deter the ongoing phishing scams on the platform.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">1/ Update: The terra(dot) <a rel="noopener noreferrer nofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a> domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway.</p> 
  <p>Please read the following 🧵 for more information 👇</p> 
  <p>— Terra 🌍 Powered by LUNA 🌕 (@terra_money) August 22, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>“To avoid potential phishing scams, please continue to avoid interacting with sites with the terra(dot)<a rel="noopener noreferrer nofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a> domain until we post another update confirming full access,” Terra told its followers via a tweet on Sunday.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">1/ 📢 Attention Terra users,</p> 
  <p>To avoid potential phishing scams, please continue to avoid interacting with sites with the terra(dot)<a rel="noopener noreferrer nofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a> domain until we post another update confirming full access.</p> 
  <p>— Terra 🌍 Powered by LUNA 🌕 (@terra_<a rel="noopener noreferrer nofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a>) August 20, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>In this case, the phishing attack is hackers posing as Terra’s web page to insert malicious code into users’ wallets. When an infected wallet is connected to the copied web page gives hackers access to the assets lying inside the wallet.</p> 
 <p>However, it has not been revealed how much data has been stolen.</p> 
 <h2 id="only-use-official-channels-for-updates-terra">Only use Official Channels for Updates – Terra</h2> 
 <p>Terra team has also requested users to only communicate with the team using Discord, Twitter, and Telegram. That said, Terra has also stated that the Station browser extension is safe to use, and users must access utilizing the station. Money domain. This is because the Station Chrome extension has been updated to a new version – 7.4.4 to counteract any hacking attempts.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">4/ Station Google Chrome extension:</p> 
  <p>For those who would like to verify the update's legitimacy, please refer to our GitHub pull request: https://t.co/sCejYfFDc1</p> 
  <p>— Station 🛰 (@StationWallet) August 22, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>However, Terra has also warned not to try to access this website from the mobile app, as it has also been frozen.</p> 
 <h2 id="terra-faced-phishing-attacks-on-weekends">Terra Faced Phishing Attacks on Weekends</h2> 
 <p>This decision to freeze the website came shortly after hackers compromised Terra over the weekend and tried to scam users using phishing attacks. Warnings against the attack started to emerge on August 19th, but since the number of attacks ceased to reduce, Terra decided to shut down the site temporarily.</p> 
 <h2 id="one-year-later-terra-is-still-no-stranger-to-issues">One Year Later – Terra is Still No Stranger to Issues</h2> 
 <p>Terra’s latest issue is the continuation of a string of problems that the project has faced since a “death spiral” caused the entire Terra ecosystem to collapse, paving the way for 2022’s crypto winter that is still impacting crypto prices this year.</p> 
 <p>Shortly after the collapse, the founder gave the reigns of the original Terra blockchain – also known as Terra Classic – to the community while creating a separate revived blockchain called Terra 2.0.</p> 
 <p><img decoding="async" class="aligncenter size-full wp-image-432013" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201616%201252'%3E%3C/svg%3E" alt="Terra Falling Down" width="1616" height="1252" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 1616w, https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 300w, https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 1024w, https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 768w, https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 1536w" data-lazy-sizes="(max-width: 1616px) 100vw, 1616px" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp"> 
  <noscript> 
   <img decoding="async" class="aligncenter size-full wp-image-432013" src="https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp" alt="Terra Falling Down" width="1616" height="1252" srcset="https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 1616w, https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 300w, https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 1024w, https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 768w, https://cdn.thebittimes.com/images/2023/08/22/ba8c760570073f23462cf15eced87e9e.webp 1536w" sizes="(max-width: 1616px) 100vw, 1616px"> 
  </noscript></p> 
 <p>At press time, Terra is trading at around the $0.42 level, with a market capitalization of $152 million. Since the beginning of 2023, however, Terra has suffered a decline of 83%.</p> 
 <h3 id="related">Related</h3> 
 <ol> 
  <li>Zunami Protocol Lost $2.1 Million in Price Manipulation Hack</li> 
  <li>Terra Classic Price Prediction: LUNC Drops 1.5% – Is a Market Shift Happening?</li> 
 </ol> 
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Terra.money Website Shuts Down to Deter Phishing Scams

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TheBitTimes

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