The public blockchain network Terra has confirmed a fraud attack via an official government survey on Mirror, a proprietary protocol for synthetic assets.
According to Mirror, the attacker launched a public poll on Mirror’s official website suggesting that the community fund should be frozen in case of fraud.
NEW SPIEGEL SURVEY! WARNING: Survey 211 is SCAM – sends 25,000,000 MIR to itself … #Poll on 212: https://t.co/FH6RqTbJ2j $ ME $ MOON #terra
– Mirror polls (@mirror_polls) December 25, 2021
According to survey ID: 211, entitled “Freeze the Community Fund in case of scam”, the fraudster suggests updating the rules of community governance, which is safer in the event of hacking. If the hacker gets a positive majority on the poll, 25 million MIR tokens (valued at $ 64.2 million at the time of writing) will be sent to the hacker’s address.
As can be seen from the screenshot above, Mirror’s proactive approach to warning the community has resulted in a significant increase in the number of negative votes, confirming the safety of the funds. According to WuBlockchain, the attacker initiated Proposition 185, disguised as a request to collaborate with Solana, and effectively attempted to scam 25 million MIR tokens from the community fund.
The attacker’s poll will remain publicly available for voting until January 1. However, the Mirror team released poll 212 to warn unsuspecting investors:
“Survey 211 sends 25,000,000 MIRs to itself. VOTE NO to any survey that sends community funds.”
Mirror has also identified six other surveys – with IDs 185, 198, 204, 206, 207, and 208 – that have attempted to essentially empty the community fund and effect the discharge of MIR:
“Poll # 208 is the second attack on mDOT and is created by the same thief who started this wave of community pool theft with their fake Poll # 177.”
The public blockchain platform Solana expanded its on-chain development initiatives following a recent distributed denial of service (DDoS) attack.
As Cointelegraph reported, the fifth largest blockchain managed to overcome the attack without having to paralyze the network. However, due to concerns about the vulnerability of the network, Solana has stepped up its activities in the chain.