The blockchain Terra, has proactively safeguarded its users by temporarily suspending its website. The move comes as a response to the persistent threat of phishing scams targeting unsuspecting users on the platform after the website was compromised.
Terra Prioritizes Security
According to the announcement, users have been warned to stop all interactions with the “Terra.money domain” until further notice. The platform also noted that it will share updates via its official X handle, Telegram, and Discord channels on next steps.
Additionally, the platform reassured users that its team is working round the clock to restore the website after it noticed the compromise on August 19. However it has encountered delays due to some third-party responses.
Interestingly, Station Wallet, Terra’s official wallet provider, also announced on X about significant updates to ensure users’ safety. The wallet provided links to the updated versions of its web app and browser extensions. Station Wallet had initially advised users to avoid its web and mobile apps due to the said phishing attempts.
Phishing scams, which involve fraudulent attempts to obtain sensitive information such as passwords and financial details, have become an increasing concern within the blockchain space.
Recognizing the potential harm these scams can cause to its users, Terra’s decision to temporarily shut down its website demonstrates the platform’s commitment to user security.
By suspending website operations, Terra aims to disrupt the phishing scammers’ ability to deceive users. Meanwhile, this proactive approach buys time for the platform to investigate the sources of these scams, identify vulnerabilities, and implement necessary security measures.
Terra Ecosystem Revival Efforts Progresses
Last month, Terra announced Chris Amani as interim CEO replacing Do Kwon who faces a series of charges in the United States, Montenegro, South Korea, and even Singapore. The platform is now focused on navigating through the aftermath of the Terra-Luna collapse which caused tens of billion in losses to investors.
As blockchain technology continues to mature, platforms are increasingly aware of the need to prioritize user protection against various forms of cyber threats. Recall that, The Sandbox, a leading blockchain-based gaming platform issued a warning regarding a security breach specifying that a phishing email has been sent to some users.
Although, on the bright side, The Sandbox highlighted that the third party only had access to the single employee’s computer and was unable to access any other services.
