Blockchain at layer one According to Terra, its website was broken into over the weekend by hackers who are now utilising the access to try phishing attempts on users who are asked to connect their hardware or online wallets.
Please refrain from visiting websites with the terra(dot)money domain until we provide another update verifying complete access in order to avoid any phishing attacks.
.In this instance, phishing refers to an attack where cybercriminals utilise a fake web page to introduce malicious code into consumers’ wallets. When a user connects their wallet to a malicious website, they sign a digital signature that provides the hacker access to the wallet’s assets. The amount that has been stolen is unknown.
The Terra blockchain is most well-known for being at the epicentre of the cryptocrisis that occurred in 2022 as a result of the demise of its native algorithmic stablecoin, LUNA. The crypto market lost $60 billion in value as a result of the collapse.
A few months after the disaster, the blockchain and associated tokens were relaunched. According to CoinMarketCap, the new TERRA token is presently trading at $0.43 with a $154 million market cap.