Terra

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    <p>Collapsed <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> ecosystem <a rel="noopener noreferrer nofollow" title="Terra" href="https://thebittimes.com/tag/terra.html">Terra</a> has warned whatever <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> it has left to “avoid interacting with sites with the <a rel="noopener noreferrer nofollow" title="Terra" href="https://thebittimes.com/tag/terra.html">Terra</a>(dot)money domain” until further notice after it was apparently hacked and used to carry out <a rel="noopener noreferrer nofollow" title="phishing" href="https://thebittimes.com/tag/phishing.html">phishing</a> attacks.</p> 
    <p>According to web3 developer and X user Kiruse, as of today, the site was “still a phishing site” and users were warned not to enter their seed phrase.</p> 
    <p>Terra’s official X account has advised its users to only refer to its official X (formerly Twitter), Telegram, and Discord channels for updates.</p> 
    <p>There appears to have been significant confusion around the status of the site since the problem was first announced by Terra on August 19. Terra claimed that “<strong>sites are coming back online</strong>,” however, two days later, there’s still no official announcement that the problem has been solved.</p> 
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      <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
       <p lang="en" dir="ltr"> @terra_money WEBSITE IS CURRENTLY A PHISHING SITE DO NOT ENTER YOUR SEED PHRASE <br><br>Latest Station Extension update is safu – for now.<br><br>But to be absolutely certain: DO NOT USE STATION. Either wait until this is all over, or import your seed phrase into a different wallet. pic.twitter.com/28GJ4GNKp5</p>— Kiruse (@0xKiruse) August 21, 2023 
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    <p><em>Read more: South Korea court says Terraform Labs’ crypto token Luna wasn’t a security</em></p> 
    <p>Despite Terra’s domain-related problems, the company’s blockchain infrastructure apparently remains secure.</p> 
    <p>Since its collapse in May last year, the problems have kept coming for Terra and its parent company Terraform Labs.</p> 
    <p>Back in April, the company’s co-founder <strong>Daniel Shin was indicted in South Korea on several charges</strong>, including violations of capital markets law.</p> 
    <p>Nine other people were indicted alongside Shin and authorities froze a combined 247 billion won ($185 million).</p> 
    <p>In July, a New York judge denied a motion to dismiss by <a rel="noopener noreferrer nofollow" title="Terra" href="https://thebittimes.com/tag/terra.html">Terra</a>form Labs in its ongoing case with the Securities and Exchange Commission (SEC). The judge <strong>denied claims from <a rel="noopener noreferrer nofollow" title="Terra" href="https://thebittimes.com/tag/terra.html">Terra</a>form Labs and its founder Do Kwon</strong> that the agency lacked jurisdiction and that the <a rel="noopener noreferrer nofollow" title="Terra" href="https://thebittimes.com/tag/terra.html">Terra</a>USD stablecoin didn’t qualify as a security.</p> 
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Terra warns users after hackers turn domain into a 'phishing site'

TheBitTimes

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