The official Terra website has been compromised by a phishing site, posing a serious threat to users’ digital assets. The official Terra Twitter account has issued a warning, advising users to steer clear of the “terra(dot)money” domain until it’s confirmed to be safe to access. To ensure accurate information, users should rely on updates only from Terra’s official communication channels like X (formerly Twitter), Discord, and Telegram.
Kiruse, a Terran developer, has highlighted that the phishing site deceptively resembles the authentic Terra website. Its intention is to deceive users into sharing sensitive information. The fraudulent site displays a fake update popup, cleverly forcing users into revealing their seed phrase—a move that endangers the security of their keys and funds.
In this unfolding situation, it’s strongly advised that users refrain from updating their Terra Station Wallet to mitigate potential losses.
In a report by Todayq News, it was observed that hackers used the popularity of famous individuals on Twitter to promote illegal cryptocurrencies, a tactic seen frequently. On August 9, 2023, they targeted Blockchain Capital’s account, posing as them to offer fake token giveaways. They tricked users into a phony website to steal their crypto wallets. The scammers disabled comments to prevent warnings, similar to an FBI-identified trend of cybercriminals taking over crypto personalities’ accounts for fraud.
Recently, a major gaming company “Razer” was exploited by hackers, causing a significant security breach. Customer data, including source code, logins, and encryption keys, has been stolen. The hacker also accessed 400,000 Razer Gold accounts and is demanding $100,000 in Monero cryptocurrency.
A well-known hacker group from North Korea, the Lazarus Group, has set up around 500 fake websites to target NFT investors. They impersonate popular NFT marketplaces like OpenSea and Rarible. These fake sites trick people into connecting their digital wallets, but instead of creating real NFTs, the hackers steal from their wallets. They not only target NFTs but also everything in the realm of cryptocurrency.
In general, incidents like website compromises, social media scams, and high-profile hacks undermine trust in the crypto industry. These occurrences underscore vulnerabilities, undermine confidence, and deter investors and consumers. To restore trust, the industry must prioritize security, transparency, and education to counteract the adverse impact of such events.