Scammers Simulate Airdrop to Lure Victims

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Luna 2.0: A real air­drop of the cryp­tocur­ren­cy will be made today. But crim­i­nals are tak­ing advan­tage of the immi­nent release to cre­ate fake air­drops of the new cryp­tocur­ren­cy of the Ter­ra ecosystem.

Peck­Shield, a spe­cial­ist in blockchain analy­sis and secu­ri­ty, issued an alert about the case on its Twit­ter pro­file last Thursday.

As not­ed, the scam­mers sent units of the new­ly cre­at­ed “Wrapped LUNA 2.0” to Ter­ra Deploy­er from an anony­mous address on the Ethereum (ETH) net­work. These tokens were then dis­trib­uted to var­i­ous wal­lets, includ­ing the pub­lic address­es of big indus­try names such as Vita­lik Buterin , Andreesen Horowitz, and Justin Sun.

This would be done to give more “legit­i­ma­cy” to the pos­si­ble scam, mak­ing oth­er users believe that the address would real­ly be the source of the real LUNA 2.0 air­drop. In this way, crim­i­nals expect­ed UST and LUNA hold­ers to send their assets in hopes of receiv­ing the new cryp­tocur­ren­cy from the Ter­ra blockchain.

Despite price crash­es on both tokens, send­ing in large quan­ti­ties could yield high val­ues for scam­mers. Users who have fall­en for the scam have not been iden­ti­fied so far.

It is worth not­ing that send­ing tokens to pub­lic address­es of pres­ti­gious indi­vid­u­als in the mar­ket is not uncom­mon. Shi­ba Inu (SHIB), for exam­ple, sent a large amount of its sup­ply to Buterin last year, who burned most of those assets and donat­ed the rest to Covid-19 funds.

terra luna 2.0

LUNA 2.0 Airdrop: How will it be done?

As announced on Wednes­day, the pro­pos­al aimed at res­ur­rect­ing the Ter­ra net­work was final­ly approved by the vast major­i­ty of its users. In it is the plan to hard fork the project’s blockchain, with a new net­work being cre­at­ed from scratch.

This new blockchain will be man­aged in a decen­tral­ized way by its own com­mu­ni­ty, and no longer by the deci­sions of Do Kwon and Ter­raform Labs. LUNA 2.0 will be the network’s native token, while the cur­rent LUNA will remain on the col­lapsed blockchain, being renamed LUNA Classic.

Four groups of users in pos­ses­sion of the for­mer LUNA and the UST will be enti­tled to par­tic­i­pate in the air­drop of the new cryp­tocur­ren­cy, with the amount to be received vary­ing in pro­por­tion accord­ing to those who held the assets before or after the crash.

Got some­thing to say about Luna 2.0 or any­thing else? Write to us or join the dis­cus­sion in our Telegram chan­nel. You can also catch us on Tik Tok, Face­book, or Twit­ter.

Disclaimer

All the infor­ma­tion con­tained on our web­site is pub­lished in good faith and for gen­er­al infor­ma­tion pur­pos­es only. Any action the read­er takes upon the infor­ma­tion found on our web­site is strict­ly at their own risk.



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