Terra's Mirror protocol warns community of an attack on governance

The attacker launched a public poll on the official Mirror website, falsely proposing to freeze the community fund in case of scam. If executed as planned, the attacker would receive 25 million MIR tokens.

1096 Total views

5 Total number of shares

El protocolo Mirror de Terra advierte a la comunidad sobre un ataque a la gobernanza

The public blockchain network Terra has confirmed a scam attack via an official Governance Poll on Mirror, a proprietary synthetic asset protocol.

According to Mirror, The attacker launched a public Poll on the official Mirror website, in which it is proposed to freeze the community fund in case of scam.

NEW MIRROR POLL! ALERT: Poll 211 is SCAM – sending 25,000,000 MIR to itself … # vote on 212: https://t.co/FH6RqTbJ2j $ MIR $ LUNA # terra

– Mirror Polls (@mirror_polls) December 25, 2021

According to Poll ID: 211 , called “Freeze community fund in case of scam”, the scammer proposes an update of the government regulations safer community in case of hacking. If the hacker manages to get a positive majority in the Poll, 25 million MIR tokens will be sent (with a value of USD 64.2 million at the time of writing this article) to the hacker’s address.

Poll 211 voting results. Source: mirrorprotocol.app

How can See in the above screenshot, Mirror’s proactive approach to warning the community has seen a considerable increase in the number of negative votes, confirming the safety of the funds. According to WuBlockchain, the attacker initiated Proposition 185, disguised as a request for cooperation with Solana, effectively trying to defraud 25 million of MIR tokens from the community fund.

  • Terra (LUNA) reaches the record of USD 20,000 million in TVL, surpassing Binance Smart Chain

The attacker’s Poll will remain publicly available for voting until January 1. However, the Mirror team released the Poll 212 to warn unsuspecting investors:

“Poll # 211 sending 25,000,000 MIR to himself. VOTE NO to any Poll that sends community funds. “

Mirror has also identified other six surveys -with IDs 185, 198, 204, 206, 207 and 208- which have tried to substantially empty the community fund and cause the discharge of MIR :

“Poll # 208 is the second attack on mDOT and is created by the same thief who started this wave of community pool robbery with his fake burn Poll # 177 “.

  • Monkey Kingdom loses USD 1.3 million in a phishing attack and launches a compensation fund

Public blockchain platform Solana has expanded its on-chain development initiatives following a recent distributed denial of service (DDoS) attack. ).

Daily posts to GitHub for Bitcoin, Solana, Cardano and Polkadot from November 12 to December 13, 2021. Source: Santiment

As Cointelegraph reported, the fifth largest blockchain managed to overcome the attack without having to paralyze the network. However, citing concerns about the vulnerability of the network, Solana has increased its on-chain activities.

Keep reading:

  • Terra (LUNA) reaches the record of USD 20,000 million in TVL, surpassing Binance Smart Chain

  • Monkey Kingdom loses $ 1.3 million in a phishing attack and launches a compensation fund
  • Hong Kong-based Chiron Partners launches a USD 50 million fund for Terra
  • They hack Beeple’s Discord and make it coincide with the Christie’s auction
  • Players eliminated: users can not cash out of the 45.000% obtained with the token Squid Game (SQUID)
  • Alleged Binance scam yields arrest of two men in Venezuela
  • Turkey’s cryptocurrency law is ready for parliament, confirms President Erdoğan

    Follow us on Telegram Y Google news to receive all the news instantly

    Note: This article has been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source
    Click Here

    Related Posts
    Mercedes se asocia con artistas de NFT para celebrar la serie G-Class thumbnail

    Mercedes se asocia con artistas de NFT para celebrar la serie G-Class

    El proyecto de Mercedes-Benz eligió a cinco artistas de la industria NFT para que interpretaran la G-Class con su propio estilo. 339 Vistas totales 23 Número total de compartidos Mercedes se ha asociado con Art2People para crear una colección exclusiva de Mercedes-Benz NFT basada en su línea de vehículos G-Class, según un tuit del fabricante…
    Read More
    : The 5 most common reasons home buyers get rejected for a mortgage thumbnail

    : The 5 most common reasons home buyers get rejected for a mortgage

    There are five common reasons that aspiring homeowners are unable to get a mortgage, according to a new report. The top reasons lenders reject mortgage applications include prospective home buyers having a debt-to-income ratio that’s too high, having a low credit score or not having enough money in reserves, according to the report from the
    Read More
    Bitcoin And Religion With Jimmy Song thumbnail

    Bitcoin And Religion With Jimmy Song

    Author Jimmy Song discusses his book "Thank God For Bitcoin" and parellels between Bitcoin and Bible scripture.Watch This Episode On YouTubeListen To This Episode:BitcoinTVSpotifyLibsynAuthor, Clubhouse host and Twitter influencer Jimmy Song joined hosts Steven McClurg and C.J. Wilson in episode nine of “Bitcoin Bottom Line” to discuss religion and the production of his book “Thank…
    Read More
    Index Of News
    Total
    0
    Share