- Terra’s LUNA hard fork scheduled for May 28, with subsequent launch and airdrop of LUNA 2.0.
- Blockchain security firm identified scammers sending Wrapped LUNA 2.0 to Terra Deployer, airdrops to Vitalik Buterin and Justin Sun.
- Terra core developers received governance approval to burn 1.3 billion UST, 11% of the existing supply from community pool.
The LUNA hard fork is set to occur on May 28, followed by the subsequent airdrop of LUNA 2.0 tokens to eligible holders. Ahead of the real LUNA 2.0 airdrop, some scammers have tried to lure LUNA and UST holders to send their assets in lieu of receiving the new tokens.
Also read: Here’s the list of crypto exchanges that will support Terra’s LUNA hard fork
Terra's LUNA scam can steal your tokens
While Terraform Labs prepares for the airdrop of the new LUNA 2.0 tokens, cybercriminals have taken advantage of the release and created fake airdrops of wrapped LUNA 2.0 tokens.
To make the scam seem legitimate, these tokens have been airdropped to Vitalik Buterin, co-founder of Ethereum, Justin Sun, founder of Tron, and Andreesen Horowitz, a private American venture capital firm.
The purpose of the scam is to lure LUNA and UST holders to send their holdings to the criminal for the fake airdrop. PeckShieldAlert, a blockchain analysis and security firm, has issued an alert about the case on its Twitter profile.
#PeckShieldAlert PeckShield has detected Scammers sending Wrapped LUNA 2.0 to #Terra Deployer https://t.co/i590fG1nnp and airdropping to @VitalikButerin @a16z #ThreeArrowsCapital @justinsuntron @terra_money.
It tricks folks it is the official #Terra Deployer #airdrop. Be Alert! pic.twitter.com/Scz1RKKOl8— PeckShieldAlert (@PeckShieldAlert) May 26, 2022
