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Tag: Interchain DAO Coin (IDC)

Phishing Attack Prompts TerraForm Labs to Freeze Website Amidst Ongoing Security Concerns
Terra Classic (LUNC)

Phishing Attack Prompts TerraForm Labs to Freeze Website Amidst Ongoing Security Concerns

TerraForm Labs, the team behind the L1 blockchain Terra, has taken the drastic step of freezing its website following a series of phishing attacks that compromised the platform over the weekend. The malefactors behind the attack exploited vulnerabilities on the website to carry out phishing attacks, putting unsuspecting users at risk. https://twitter.com/terra_money/status/1693369510038823072 Terraform warns users against ongoing phishing attacks, Shutdown its website  In an official statement on August 20, TerraForm Labs warned users about the ongoing phishing attacks and urged them to steer clear of the compromised website, which utilized the terra(dot)money domain. The attackers were employing deceptive tactics to trick users into divulging sensitive information and potentially exp...
USTC Multisig Considers Burning 800 Million Tokens to Address Zombie USTC Balances
Terra Classic (LUNC)

USTC Multisig Considers Burning 800 Million Tokens to Address Zombie USTC Balances

In a significant development in the world of decentralized finance (DeFi), the USTC team has been informed of a potential solution to address the issue of 800 million zombie USTC tokens. The defacto custodian, @riskharbor, responsible for managing the 800 million USTC on the community's behalf, has expressed its willingness to burn the tokens if a critical proposal, known as the burn 800m prop, passes. This move is seen as a preferred alternative to rewriting LUNC's state, a crucial governance decision for the USTC ecosystem. Read Also: Bitstamp Teases Major Announcement for XRP, Fueling Speculation of XRPL Integration and Ripple Stake Acquisition https://twitter.com/4lex_4sh4w/status/1686761036441870338 Zombie USTC tokens refer to inactive or abandoned tokens that often accumulat...
Terra Rebel Sounds A Note Of Warning To The Terra Classic Investors Of fraudulent Token: Check It out
Cryptocurrency

Terra Rebel Sounds A Note Of Warning To The Terra Classic Investors Of fraudulent Token: Check It out

The recent tweet shared by Terra Rebel, sounding a note of warning to its community of a token, named Interchain DAO Coin (IDC), hijacked its logo to mislead investors into believing that the Terra Rebels are behind the cryptocurrency. Terra rebel, a decentralized group focused on reviving the Terra Classic ecosystem, further revealed that the token is currently circulating in the Cosmos network and other markets. Terra Rebels used the tweet to deny affiliation with the fake coin team that launched the crypto. Read Also: Two Whales Buy A Whopping 531.65B SHIB Worth $4.83 Billion In Two Transactions https://twitter.com/TerraRebels/status/1593589843526811648 Terra Rebel Warns Investors IDC Token “PSA to LUNC Community A Dao coin 'IDC' is floating around the markets and cosm...