According to PeckShield, a leading blockchain security company, scammers are sending fresh Luna 2.0 to cryptocurrency CEOs and influencers’ addresses, including Vitalik Buterin’s, Justin Sun’s, and the 3AC Foundation’s wallets.
The Wrapped LUNA 2.0 contract address, according to the Ethereum block explorer, issued millions of the new tokens and distributed them to the official addresses of Vitalik Buterin, Three Arrows Capital, Justin Sun, and other influencers. According to PeckShield, scammers were sending the wrapped tokens to a genuine Terra deployer and airdropping them to the aforementioned locations.
The exploiters misled users into believing that the “Wrapped Luna 2.0” address was a valid Terra 2.0 token deployer and that they should move their older Luna tokens to those smart contract addresses.
Transactions to well-known wallets, such as Justin Sun’s tagged addresses and the ENS address vitalik.eth, provide legitimacy to the contract page and attract regular users willing to trade their worthless Luna tokens in exchange for a fresh version.
The airdrop is open to HODLers who have LUNA (including staking derivatives) and less than 500k aUST (UST deposited in Anchor) during the pre-attack snapshot period. Users with LUNA and UST at the time of the post-attack snapshot were also eligible for the airdrop.
Many decentralized platforms and exchanges previously blocked the update because to regulatory worries or user apprehension about exchanging their old Luna tokens for the new version.
When the UST and Terra tokens failed, Terra’s co-founder, Do Kwon, advocated “restarting” the project without the UST stablecoin and a fresh token distribution. Despite the fact that Terra’s governance platform was successfully voted on, not all users are pleased with Do Kwon’s choice and believe that developers should focus on rejuvenating the current currency rather than developing a new one.
While some exchanges have refused to accept the new Terra blockchain, many others have.
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