Share this article
Terra Website Compromised; Developers Warn Against Phishing Scam
Terra warned its users to avoid using its website after being targeted by a phishing attack.
Updated Aug 21, 2023, 5:43 p.m. Published Aug 21, 2023, 1:47 p.m.
Make us preferred on Google
Layer 1 blockchain Terra said its website was compromised over the weekend by hackers that are using the access to attempt phishing attacks on visitors, who are prompted to connect their online or hardware wallets.
"To avoid potential phishing scams, please continue to avoid interacting with sites with the terra(dot)money domain until we post another update confirming full access," Terra tweeted on Sunday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A phishing attack in this case is where hackers disguise a web page to insert malicious code into users' wallets. When a user connects a wallet to a compromised web page they will sign a digital signature that gives the hacker access to assets in that wallet.
It is unclear how much has been stolen.
The Terra blockchain is best known for being at the center of 2022's crypto downturn following the collapse of its native algorithmic stablecoin, LUNA. The implosion wiped $60 billion in value out of the crypto market.
The blockchain and related tokens relaunched a few months after the crash, with the new TERRA token currently trading at $0.43 with a $154 million market cap, according to CoinMarketCap.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
World token jumps 27% as Sam Altman reportedly eyes a biometric social network to kill off bots
The WLD token surged after Forbes reported that Sam Altman's OpenAI is planning to use Worldcoin to fight bots online.
What to know:
- World’s WLD token jumped sharply on Wednesday after a Forbes report said Sam Altman’s OpenAI is exploring a biometric social network to combat online bots.
- The report said OpenAI has considered using Apple’s Face ID or World’s iris-scanning Orb device to verify human users, though no formal partnership between OpenAI and World has been confirmed.
- World Network, which has raised $135 million and says it has verified millions of people, is pitching its World ID system as a privacy-focused way to prove personhood online even as it faces regulatory scrutiny in countries such as Kenya and the U.K.
Top Stories
