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Scam Alert

Scammers Target LUNA And UST Communities, Promising Refunds On Their Terra Investments

May 16, 2022 - Around 2 mins mins to read

Scammers have discovered new victims among the LUNA and UST communities, who have been heavily struck by the current crypto market instability that has affected the two digital assets.

LUNA And UST Communities
Scammers Target LUNA Communities, Promising Refunds On Their Terra Investments

Scammers are now preying on the abovementioned investors, according to SlowMist’s investigation, with fraudulent promises of reimbursements on their LUNA and UST investments.

Many people are unaware that scammers are sending members of the LUNA and UST communities to websites that are meant to steal money and NFTs. SlowMist also identified one scammer address on the Ethereum network that has gathered 2.13 ETH worth around $4,400.

The SlowMist team shared their findings of scammers targeting LUNA and UST investors through the following two tweets.

And:

LUNA And UST Team Cautions that Official Announcements Will Only Be Made Through Their @terra_money Twitter Account

LUNA And UST Communities
Scammers Target LUNA And UST Communities, Promising Refunds On Their Terra Investments

The proliferation of scammers targeting the LUNA and UST communities has led the team at Terra to announce that official announcements and updates will only be made via their Twitter handle. They said:

All updates will be posted on this Twitter account (@terra_money).

Any other Twitter accounts purporting to represent Terra are fake. Users are advised to be on the lookout for scams.

Therefore, LUNA and UST community members should not click on any Tweets or websites promising anything connected to the two digital assets.

Terra Has Promised a Post Mortem on Everything that Happened

LUNA And UST Communities
Scammers Target LUNA And UST Communities, Promising Refunds On Their Terra Investments

At the time of writing, the most recent update by the team at Terra was made yesterday, May 14th, on Twitter, explaining that they are working on publishing a post-mortem of everything that transpired in the last week.

Additionally, they requested everyone be safe during these ‘tremendously difficult times for everyone affected.’

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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Annie

CoinCu News

LUNA

Luna Foundation

Luna Foundation Guard

LUNA Price

LUNA value

LUNA-UST

Scam

scammed

scammers

Terra

Terraform Labs

Terraforms DO kwon

TerraUSD

UST

UST Communities

Avatar of Annie

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Scam Alert

Scammers Target LUNA And UST Communities, Promising Refunds On Their Terra Investments

Scammers have discovered new victims among the LUNA and UST communities, who have been heavily struck by the current crypto market instability that has affected the two digital assets.

LUNA And UST Communities
Scammers Target LUNA Communities, Promising Refunds On Their Terra Investments

Scammers are now preying on the abovementioned investors, according to SlowMist’s investigation, with fraudulent promises of reimbursements on their LUNA and UST investments.

Many people are unaware that scammers are sending members of the LUNA and UST communities to websites that are meant to steal money and NFTs. SlowMist also identified one scammer address on the Ethereum network that has gathered 2.13 ETH worth around $4,400.

The SlowMist team shared their findings of scammers targeting LUNA and UST investors through the following two tweets.

And:

LUNA And UST Team Cautions that Official Announcements Will Only Be Made Through Their @terra_money Twitter Account

LUNA And UST Communities
Scammers Target LUNA And UST Communities, Promising Refunds On Their Terra Investments

The proliferation of scammers targeting the LUNA and UST communities has led the team at Terra to announce that official announcements and updates will only be made via their Twitter handle. They said:

All updates will be posted on this Twitter account (@terra_money).

Any other Twitter accounts purporting to represent Terra are fake. Users are advised to be on the lookout for scams.

Therefore, LUNA and UST community members should not click on any Tweets or websites promising anything connected to the two digital assets.

Terra Has Promised a Post Mortem on Everything that Happened

LUNA And UST Communities
Scammers Target LUNA And UST Communities, Promising Refunds On Their Terra Investments

At the time of writing, the most recent update by the team at Terra was made yesterday, May 14th, on Twitter, explaining that they are working on publishing a post-mortem of everything that transpired in the last week.

Additionally, they requested everyone be safe during these ‘tremendously difficult times for everyone affected.’

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

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