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Beware of fraudulent offers associated with Dapps marketing Terra 2.0

Beware of fraudulent offers associated with Dapps marketing Terra 2.0

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Answer Beware of fraudulent offers associated with Dapps marketing Terra 2.0

He told Terra’s team that suggestions for people to preview their new network decentralized applications are fake.

The unfortunate collapse of Terra’s cryptocurrency has created plenty of opportunities for criminals, who continue to take advantage of the situation to wreak further havoc on victims’ wallets.

In a recent update on Twitter, the TerraForm Labs team issued a warning to its users that no dApp has yet been launched on Terra 2.0 and that they should be wary of claims made by illegal actors.

Although a large number of developers have expressed interest in continuing to build on the Terra 2.0 network if it eventually launches, the network has yet to start as community members are still voting on whether or not the initiative will move forward.

Speaking about recent attempts by vandals to deceive investors, TerraForm Labs noted that since these scammers can now purchase LUNA at a discount, fake proposals have been made at Terra Station, in an attempt to lure people into fraudulent dApps.

The team stated:

These suggestions claim to lead users to preview Terra 2.0 & dApps that we have launched – which is not the case.

Caution is a must for Terra investors:

In an effort to keep members of the Terra community safe, the team stated that it has made adjustments to the visibility of the Terra Station proposals.

From now on, all new proposals will be added to the Allow List, which can be accessed from the Governance section of the platform.

Read:After the hacks… How do you choose the right trading platform for you?

The TerraForm team has ruled out the possibility of increasing the cost required to launch new proposals on its platform, as the process could take up to seven days.

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