Terra Users Lose More Than $4 Million in a Phishing Attack

Terra users have lost more than $4 million in a phishing attack.

From April 12 to April 21, dozens of Terra network users were victims of a phishing attack. According to SlowMist experts, the attacker received $4.31 million worth of crypto assets.

The attacker used phishing advertisements on Google. According to the firm’s analysts, the calculation was that users would search for well-known projects in the Terra ecosystem like Anchor or Astroport.

Search gave results in the first lines that looked like a real site. In some cases, the correct domain name was even specified, but it changed after clicking the link. In the window that opens, the victim was asked to connect their wallet and enter a seed phrase. This allowed unauthorized withdrawal of assets from it.

SlowMist Specialists have advised Terra users not to click on Google ads or links to questionable resources.

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