The Terra (LUNA) official website has been compromised by a malicious entity using a phishing platform.
– Users are advised not to interact with the ‘terra.money’ domain to avoid falling victim to a scam.
– Terra’s official account on X (former Twitter) issued warnings about the compromised domain.
– The cause of the domain compromise has not been disclosed.
– Speculations suggest a possible domain take-over or ownership renewal oversight.
– The domain’s last update was on August 20, with an expiration date set for 2027.
Impact on LUNA’s Price and Investors’ Trust
– LUNA’s price has dropped by over 23% in a week, falling from $0.56 to $0.43.
– The lack of explanations and solutions regarding the website takeover could affect investors’ trust.
– While users’ funds are not directly affected, tokens could be stolen through the phishing scam.
– Stolen tokens could be sold in the market, potentially impacting LUNA’s price.
Hot Take:
The compromise of Terra’s official website raises concerns about the security and trustworthiness of the project. The lack of transparency regarding the incident and potential impact on LUNA’s price may discourage investors. It is crucial for the Terra team to address the issue promptly and strengthen security measures to regain trust within the crypto community.
By
By
By
By