Sophisticated scam aiming to “lift” 25 million MIR from Terra’s Mirror Protocol

Terra’s public blockchain network has confirm a phishing attack takes place through an official governance poll on Mirror, a DeFi platform that allows users to create synthetic assets or crypto tokens that mimic the price of assets in the world in real terms, like stocks.

According to Mirror, the attacker launched a public poll on Mirror’s official website suggesting freezing the community pool in case of fraud.

Survey 211, entitled: “Freeze Community Pool on Scams”, suggested the fraudster improve the rules of community governance in order to be safer in the event of a hack. If the hacker gets a majority of the polls, 25 million MIR (worth $ 64.2 million at press time) will be sent to their address.

Voting results of the survey 211 | Source: Spiegelprotokoll.app

As the screenshot above shows, by proactively warning the community of the fraud, the community has significantly increased the number of no-votes – confirming the fund’s security.

According to WuBlockchain, the attacker initiated “Proposition 185”, disguised as a request to cooperate with Solana, and effectively tried to defraud MIR 25 million from the funds of the community pool.

The attacker’s poll will remain public for voting until January 1. Team Mirror did, however show 212 Poll To Warn Reckless Investors:

“Warning of Survey 211, which sends 25,000,000 MIR to itself. Vote on polls that try to extort money from the community. “

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