Terra's Mirror protocol warns community against governance attack

Published at: Dec. 25, 2021

Public blockchain network Terra has confirmed an ongoing scam attack via an official governance poll on Mirror, an in-house synthetic assets protocol. 

According to Mirror, the attacker launched a public poll on Mirror’s official website, which proposes a freeze on the community pool in case of a scam.

NEW MIRROR POLL! ALERT: Poll 211 is SCAM -- sending 25,000,000 MIR to itself ... #vote on 212: https://t.co/FH6RqTbJ2j $MIR $LUNA #terra

— Mirror Polls (@mirror_polls) December 25, 2021

According to Poll ID: 211, named “Freeze the community pool in case of scam”, the scammer proposes an upgrade of safer community governance rules in case of a hack. If the hacker manages to get a positive majority on the poll, 25 million MIR tokens (worth $24.1 million at the time of writing) will be sent to the hacker’s address.

As evidenced by the above screenshot, Mirror’s proactive approach to warn the community has seen a sizable increase in the number of ‘No’ votes — confirming the security of the funds. 

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