Users of Terra (LUNA) Network Lose $4.31M in Phishing Attack Through Fake Google Ads

The Malicious Terra Ads Look like Legitimate Google Ads

The team at SlowMist has analyzed the phishing attack and concluded that it stems from Google ads that pop up at the top of searches by users looking to find Terra, Anchor Protocol or Astroport Finance. The SlowMist team shared the following screenshot to further demonstrate their findings.

The Fake Google Ads Will Prompt You to Connect to Your Terra Wallet

According to the team at Slowmist, the Google ads have links that look very normal. However, they redirect to a different domain that prompts users to connect their Terra wallets once clicked. They explained the sequence of events as follows:

These may look like normal ads and some even show the same domain names, but once you click on the link, the domain name actually changes. When clicked, it’ll prompt you to connect your wallet, however instead of connecting, users are asked to input their seed phrase.

The team at SlowMist recommends that users on Terra be extra cautious and avoid clicking on questionable links with questionable origins.

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