Terra freezes domains to combat phishing schemes

Terraform Labs, the company behind the Terra blockchain, hired a new CEO in July

article-image

Pormezz/Shutterstock modified by Blockworks

share

Blockchain protocol Terra has frozen its domains to “prevent further user phishing scams,” however, the situation hasn’t been fully resolved. 

This action was taken after Terra’s website was taken over by hackers over the weekend. Currently, the site is down. 

“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 posted Sunday on X, formerly known as Twitter. 

The layer-one blockchain has not yet revealed how much was stolen from compromised wallets on its platform. 

Terra did continue to urge its users not to engage with terra(dot)money domains until an “all clear notice” is posted on its X account. 

Loading Tweet..

Station Wallet, Terra’s main wallet extension, also posted a warning to its users on X Monday night.

“Please refrain from using the Station desktop and mobile apps until we confirm their safety. An announcement will be posted as soon as they have been updated,” Station Wallet wrote in a thread. 

Station also said that the Chrome extension has been updated to “counteract phishing attempts” and is now safe to use. 

Loading Tweet..

In May 2022, Terra’s algorithmic stablecoin UST collapsed, which catalyzed a wipeout of $800 billion in value from crypto markets.

Months later, South Korea issued an arrest warrant for Terraform Labs founder Do Kwon. He was arrested in Montenegro in March 2023, and now the US and South Korea are fighting to extradite him


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

Big blockers wasted a bitcoin fortune trying to prove a point

article-image

Coinbase’s newest acquisition includes the CEO and Head of Research from Opyn

article-image

Crypto’s highest purpose might be to make markets better by making them bigger

article-image

The non-profit’s “Project Open” seeks to let stocks trade directly on Solana

article-image

The acquisition is Pump.fun’s first, and comes just days before its planned ICO

article-image

As Trump’s tariff war reignites, everyone is assuming the dollar will continue its path lower. But the journey might be bumpy