Photo by Anna Tarazevich: https://www.pexels.com/photo/scam-alert-letting-text-on-black-background-5697256/

Scam Alert: Terra Wallet "Activation"

By 1securemf | Safer Smarter Crypto | 26 May 2022


Preying on the Vulnerable

Many Terra Luna investors already lost 90-99% of the funds they invested in UST and/or LUNA this month, may recoup some of their losses soon via an airdrop.

There is confusion as to exactly how to make oneself eligible for this airdrop.

Thus, criminals are targeting Terra Luna investors and misinforming them that they need to "activate" their wallets by visiting a site and entering their wallet's passphrase.

Be warned: There is no such thing as wallet activation. This is just another a scam.

If you are eligible for the airdrop, the tokens will find their way to your wallet or exchange account. You do not need the help of some creep from Reddit or Discord to guide you to a 3rd party site for wallet "activation."

If you connect your wallet to a malicious site hosted by a scammer, your wallet will be emptied and your funds lost forever. 

Read Terra's Medium post for details.

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1securemf
1securemf

1SecureMF is a published journalist (Rolling Stone), hedge fund analyst, and individual investor who's been featured on the Economist podcast.


Safer Smarter Crypto
Safer Smarter Crypto

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