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LUNA and UST Communities Become Targets of Scams Promising Refunds On Their Terra Investments

Summary:

  • LUNA and UST investors are being targetted by scammers claiming to issue refunds on their investments
  • One scammer has already amassed 2.13 Ethereum (ETH) from unsuspecting LUNA and UST community members
  • The team at Terra has announced that official announcements and updates will only be made through their Twitter handle, @terra_money

Scammers have found new targets in LUNA and UST community members who have been hit hard by the recent crypto market turmoil affecting the two digital assets. According to an analysis by the team at SlowMist, scammers are now preying on the said investors with false promises of issuing refunds on their LUNA and UST investments.

Unbeknownst to many, the scammers are directing LUNA and UST community members to websites designed to steal funds and NFTs. The team at SlowMist also highlighted one scammer address on the Ethereum network that has since amassed 2.13 ETH worth roughly $4,400.

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

Terra Team Cautions that Official Announcements Will Only Be Made Through Their @terra_money Twitter Account

The proliferation of scammers targeting the LUNA and UST communities has led the team at Terra to announce that…

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