Understanding the Threat: An Overview
The Terra blockchain network and its synthetic assets protocol, Mirror, recently faced a serious security threat in the form of a scam attack. The details are as wild as a roller coaster ride in an amusement park, and if you’re not buckled in, you might just be in for a jolt that leaves you dizzy!
What Happened?
The drama commenced when an attacker launched a provocative public governance poll on Mirror’s site titled, “Freeze the community pool in case of scam.” Sounds innocent enough, right? Well, not quite! This nefarious individual cleverly disguised their poll as a safety measure, proposing to shift a monumental 25 million MIR tokens to their own account if they won the vote. At the time, that hefty sum was valued around a jaw-dropping $64.2 million.
The Poll that Had Everyone Sweating
Mirror users were alerted to the scam through a tweet from the official Mirror Polls account:
“NEW MIRROR POLL! ALERT: Poll 211 is SCAM — sending 25,000,000 MIR to itself … #vote on 212”
This alarm raised eyebrows and numerous users quickly jumped into action.
The Community Reacts
Thanks to Mirror’s proactive measure to inform its users, the poll witnessed a surge of “No” votes as people fought back against the attack. The community wasn’t going down without a fight! WuBlockchain reported that the attacker had previously initiated Proposal 185, masquerading as a request for collaboration with Solana, all with the sly aim of draining the community funds. Talk about audacity!
Rallying to Vote
The voting on Poll 211 will remain open until January 1, providing an ample opportunity for the community to thwart this malicious scheme. In response, the Mirror team swiftly set up Poll 212, essentially a rallying cry:
“Poll 211 sending 25,000,000 MIR to itself. VOTE NO to any poll sending community funds out.”
It’s like crowd-sourcing security measures—vigilantes of the blockchain!
Tracing the Scammer’s Footprints
In a shocking twist, the Mirror team identified six other scammy polls (IDs 185, 198, 204, 206, 207, and 208) that aimed to exploit the community pool. Interestingly, Poll 208 was a sequel of sorts, coming from the same crook responsible for prior attempts at emptying the community coffer. It’s like a bad horror movie that refuses to end!
Lessons Learned: Vigilance in the Crypto World
The chaos surrounding this attack serves as a powerful reminder for the entire blockchain community. Vigilance can’t be an afterthought; it has to be an everyday mantra. The rise of decentralized platforms means the decentralization of risk and responsibility too. So, anyone involved in such communities should keep their detective hats handy and stay proximal to governance activities!
Solana’s Response
Meanwhile, not too far in the digital landscape, Solana continues to strengthen its defenses after a recent DDoS attack. Reports indicate they have increased their on-chain initiatives, a smart move to enhance their resilience. In the game of blockchain, survival of the fittest applies in a whole new way.
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