Value of Terra ecosystem tokens drops due to issues with Terra Money domains and Station wallet

One sentence summary – The value of Terra ecosystem tokens, LUNA and LUNC, has dropped significantly due to issues with Terra Money domains and the Station wallet, leading to the freezing of domains to prevent phishing scams, although customer funds in the Station wallet remain safe, and Terraform Labs is actively working to resolve the issues and regain control of the domains.

At a glance

  • The value of Terra ecosystem tokens, LUNA and LUNC, has seen a significant drop in the past fortnight.
  • Issues with Terra Money domains and the Station wallet are causing the decrease in value.
  • Domains have been frozen to prevent potential phishing scams.
  • Customer funds in the Station wallet are confirmed to be safe.
  • LUNA has seen a decrease of 31% in the past month and is currently trading at $0.41.

The details

Over the past fortnight, the value of Terra ecosystem tokens, LUNA and LUNC, has seen a significant drop.

This decrease in value is linked to issues with Terra Money domains and the Station wallet.

Despite attempts by Terraform Labs developers to rectify the situation, the problems persist.

Domains Frozen to Prevent Phishing Scams

As a result, domains have been frozen to prevent potential phishing scams.

However, the team has confirmed that customer funds in the Station wallet are safe.

Last week, Terraform Labs identified a compromise in the terra.money domains.

This discovery led to immediate action to protect the Terra community and user funds from potential phishing attacks.

In response, the team has updated the Station web app and browser extensions.

At the same time, they are working to regain control of the terra.money domains.

The Station wallet web app is now live at the station.money domain.

This move ensures a safe user experience.

The browser extensions have also been confirmed as secure.

However, it should be noted that the Finder block explorer and Docs are temporarily available at different domains.

Impact on LUNA and LUNC Prices

The issues with the domain and Station have had a significant impact on the prices of LUNA and LUNC.

In the past month, LUNA has seen a decrease of 31%.

It is currently trading at $0.41.

This represents a 4% decrease in the past 24 hours.

LUNC is currently trading at $0.000062.

This is a decrease of 3% in the past 24 hours.

USTC is trading at $0.012.

This represents a 4% decrease in the last 24 hours.

The recent decline in the value of LUNA and LUNC is linked to issues with Terra Money domains and the Station wallet.

Despite the freezing of domains to prevent phishing scams, customer funds in the Station wallet are confirmed to be safe.

Terraform Labs is actively working to resolve the ongoing issues.

They are also working to regain control of the terra.money domains.

In the meantime, the Station wallet web app and browser extensions have been updated to ensure user security.

It is important to note that the Finder block explorer and Docs are temporarily available at different domains.

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coingape.com
– The Terra ecosystem tokens, LUNA and LUNC, have experienced a significant drop in value over the past two weeks.
The drop in value is attributed to issues with Terra Money domains and the Station wallet.
The developers of Terraform Labs have been unable to resolve the issues, resulting in the freezing of the domains to prevent phishing scams.
– Customer funds in the Station wallet are considered safe by the team.
– Last week, Terraform Labs discovered a compromise of the terra.money domains and took action to protect the Terra community and user funds from phishing attacks.
The team has updated the Station web app and browser extensions and is working to regain control of the terra.money domains.
The Station wallet web app is now live at station.money domain and the browser extensions are safe to use.
The Finder block explorer and Docs are temporarily available at different domains.
– As a result of the domain and Station issues, the prices of LUNA and LUNC have fallen by 31% and 21% respectively in the past month.
– Currently, LUNC is trading at $0.000062, down 3% in the past 24 hours, while USTC is trading at $0.012, down 4% in the last 24 hours.
– LUNA is currently trading at $0.41, with a 4% decrease in the past 24 hours.

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