Terra (LUNA) And Terra Classic (LUNC) Impacted Amid Terra Money And Station Issues
The Terra ecosystem tokens have seen a significant drop in value over the past two weeks. Terra (LUNA) and Terra Classic (LUNC) prices plummeted by more than 20% amid issues with Terra Money domains and the Station wallet. The Terraform Labs developers have failed to recover or fix the issues while the domains remain frozen to prevent phishing scams.
Terra Tokens Suffers Amid Terra Money and Station Woes
Terra Money in the latest status update on August 25 revealed that the terra(dot)money domains will remain blocked to prevent phishing scams. Customer funds in the Station wallet are marked safe by the team.
“The terra(dot)money domains remain frozen to prevent phishing scams, and we’re actively working with the domain registrar to regain access as soon as possible. User funds in Station wallet are safe.”
Last week, TFL discovered compromise of terra(dot)money domains and the attacker attempts to scam Terra users via phishing attacks. In response, terra(dot)money domains were frozen to safeguard the Terra community and protect user funds.
The team also updated the Station web app and browser extensions, warning ecosystem partners to avoid interacting with domains. The work is in progress to contact the domain registrar to reclaim control of terra(dot)money domains.
Meanwhile, the Station wallet web app is now live at station.money domain. Also, browser extensions are updated and are now safe to use. Moreover, Finder block explorer and Docs are at temporary domains.
Read More: Terra Luna Classic Validator To Fund USTC Repeg Team As Community Rejects Proposal
LUNA and LUNC Tumbled 20% and 30% In a Month
During the issues with domains and Station, Terra and Terra Classic prices fell massively. LUNA and LUNC prices are down 31% and 21% in a month.
LUNC price currently trades at $0.000062, down 3% in the past 24 hours. The 24-hour low and high are $0.0000621 and $0.0000644, respectively. The trading volume has also decreased in 24 hours. Meanwhile, USTC price is trading at $0.012, down 4% in the last 24 hours.
LUNA price fell 4% in the past 24 hours, with the price currently trading at $0.41. The 24-hour low and high are $0.410 and $0.434, respectively.
Also Read:
- Binance’s Acquisition Deal With Gopax Reportedly Failed
- Whale Moves Over $15 Million XRP To Exchange, Potential Nosedive To $0.42
- FTX Claims Agent Kroll’s Cybersecurity Breach Compromised Claimants Data
- Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle
- Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
