Yet Another Phishing Attack: Terra Users Lose $4.3 Million, Security Firm Reports
Crypto users of the Terra (LUNA) network and its numerous DeFi protocols such as Anchor, Nexus, and Astroport, have become the target of a new phishing attack, resulting in significant losses. Terra users have lost more than $4 million in a phishing attack, highlighting the ongoing risks within the decentralized finance (DeFi) space. SlowMist – a blockchain security firm – has identified dozens of crypto addresses that have appeared to fall victim to a phishing scam on the Terra network since April 12th.
Terra Chain Halted After Reentrancy Attack and Phishing Exploits
The Terra blockchain halted operations on Wednesday after a reentrancy attack exploited a vulnerability, with over $4 million in various tokens stolen. The exploit targeted a specific weakness in the chain's code. This followed reports of a widespread phishing campaign.
Phishing Attacks on the Terra Network: A Timeline
From April 12 to April 21, dozens of Terra network users were victims of a phishing attack. The According to Odaily, Terra announced on the X platform that its blockchain experienced a malicious attack yesterday, resulting in the unauthorized extraction of assets. This wave of attacks has raised serious concerns about security protocols within the Terra ecosystem.
Cyvers Report on ASTRO Token Theft
The halt of the Terra chain was prompted by a report from blockchain security firm Cyvers, which revealed that 60 million ASTRO tokens had been stolen in the exploit. This incident underscores the vulnerability of even established blockchain platforms to sophisticated attacks.