The recent Terra relaunch appears to have inspired several similarly named scam tokens and fake accounts attempting to fool investors.
Leading blockchain security firm PeckShield on Monday said scammers running LUNA rug pull have laundered nearly 730 BNB tokens through Tornado Cash. Scams and frauds rose significantly amid the Terra 2.0 and LUNA v2 launch by Terraform Labs.
In fact, Terraform Labs’ plans to revive the Terra chain and airdrop LUNA tokens have encountered problems and delays, which also included these scams and frauds. PeckShieldAlert uncovered several fake Terra accounts on Twitter, scam addresses, and deceptive announcements related to UST and LUNA.
PeckShield Uncovers LUNA Rug Pull Amid Airdrops
PeckShield in a Tweet on May 30 reported a LUNA v2 rug pull that caused scammers to transfer nearly 730 BNB worth more than $230k through Tornado Cash. The scammers created fake Terra 2.0 and LUNAv2 tokens making people believe it as tokens currently airdropped by Terraform Labs.
“PeckShield has detected LUNAv2 រឹងមាំ។ bscscan.com/address/0xd969 Scammers already laundered ~730 BNB តាមរយៈ @TornadoCash. The deployer created dozens of fake Terra2.0 and LUNAv2 $ LUNA ថូខឹន។ bscscan.com/txs?a=0xd30607 DO *NOT* fall prey to them!”
Moreover, PeckShieldAlert also revealed the wallet address of scammers and fake Terra 2.0 and LUNA v2 contract creations.
Previously, several honeypots were revealed, either claiming to provide other cryptocurrencies in exchange for LUNA tokens or announcing airdropped LUNA tokens. Scammers also duped people by announcing a fake burn address. The rise in scams and fake announcements resulted in people losing trust in Terra and Do Kwon.
Terra 2.0 Fails to Make Impact
Top exchanges supported ថេរ៉ា ៥៥ migration and LUNA airdrop on May 28. However, the LUNA price បានធ្លាក់ចុះ from a high of $19.54 to a low of $3.63 on the same day. At the time of writing, the price is trading at $6.12, down nearly 70% from its all-time high. Meanwhile, the Terra Classic (LUNC) price has jumped more than 90% in the last 24 hours, with the current price trading at $0.0001529. The fate of Terra still remains under uncertainty.
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
Source: https://coingape.com/terra-relaunch-inspiring-scam-tokens/