Terra’s L1 blockchain has provisionally halted its web portal to shield consumers from scams. The freeze focuses on protecting consumers from the current phishing scams that are targeting the firm. The platform has effectively frozen its domain terra.money to hinder the phishing scams that prey on consumers. Nonetheless, a complete resolution is presently underway, as Terra declared on the 22nd of August.
Terra.money Web Portal Witnesses a Freeze to Avoid Phishing Scams
Terra platform has advised clients to stay away from dealing with any websites under the aforementioned domain. Consumers should do so until the company issues a formal “all-clear” notice. The firm added that its management has been making great efforts to correct the respective issue. Nonetheless, they have experienced delays in the case of some 3rd-party responses.
In its announcement, the platform additionally provided some exclusive updates and details concerning the firm’s multi-chain wallet named Station Wallet. The respective wallet lets customers access decentralized applications (dApps) existing on diverse blockchain networks. Such forums take into account Kujira, Juno, and Terra.
On the 21st of August, Station Wallet offered noteworthy updates to enhance the security and safety of the consumers. Station Wallet persuaded the consumers not to utilize Station’s mobile and desktop applications until the confirmation of their safety. It added that the platform will shortly post a declaration in this respect. In addition to this, Station Wallet offered many links to updated apps and browser extensions.
The Platform Issued a Couple of Warnings Concerning the Phishing Attacks before the Freeze
These things permit the consumers to communicate with the wallet. The domain’s freeze is seen just after the attacks on the Terra website. During that incident, the hackers endeavored to swindle the consumers through phishing attacks. Keeping that in view, Terra issued warnings on the 19th and the 20th of August for the consumers.
SEC Issues Investors Alert Regarding Cryptocurrency Securities
Bitcoin’s Upward Price Journey – BTC to Hit New All-Time High (ATH) Value
U.S. Defense Bill 2024 Removes Crypto Regulations from the Legislation
You have not selected any currencies to display