Terra Website Compromised; Developers Warn Against Phishing Scam

Terra warned its users to avoid using its website after being targeted by a phishing attack.

AccessTimeIconAug 21, 2023 at 1:47 p.m. UTC
Updated Aug 21, 2023 at 5:43 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Layer 1 blockchain Terra said its website was compromised over the weekend by hackers that are using the access to attempt phishing attacks on visitors, who are prompted to connect their online or hardware wallets.

"To avoid potential phishing scams, please continue to avoid interacting with sites with the terra(dot)money domain until we post another update confirming full access," Terra tweeted on Sunday.

A phishing attack in this case is where hackers disguise a web page to insert malicious code into users' wallets. When a user connects a wallet to a compromised web page they will sign a digital signature that gives the hacker access to assets in that wallet.

It is unclear how much has been stolen.

The Terra blockchain is best known for being at the center of 2022's crypto downturn following the collapse of its native algorithmic stablecoin, LUNA. The implosion wiped $60 billion in value out of the crypto market.

The blockchain and related tokens relaunched a few months after the crash, with the new TERRA token currently trading at $0.43 with a $154 million market cap, according to CoinMarketCap.

Edited by Sheldon Reback.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about