Beware! Crypto Fraud Appears Through Polling Activities In Cyberspace

Polls connected to crypto scams are booming. (photo: doc. unsplash)

JAKARTA - Public blockchain network Terra has confirmed an ongoing fraud attack via an official governance poll on Mirror, an internal synthetic asset protocol.

According to the Mirror as reported by Cointelegraph, the attacker launched a public opinion poll on the Mirror's official website, proposing freezing community pools in case of fraud.

According to Poll ID: 211, named "Freeze community pool in case of fraud", the scammer proposes improving community governance rules that are more secure in case of hacking. If the hacker manages to get a positive majority in the poll, 25 million MIR tokens (worth 64.2 million US dollars at the time of writing) will be sent to the hacker's address.

The Mirror's proactive approach to alerting the community has seen a sizeable increase in the number of 'No' votes — confirming the safety of the funds. According to WuBlockchain, the attacker initiated Proposal 185, posing as a co-operation request with Solana, effectively trying to swindle 25 million MIR tokens from the community fund pool.

The attacker poll will remain publicly available until January 1. However, the Mirror team launched Poll 212 to warn unwary investors:

"Poll 211 sends 25.000.000 MIR to itself. VOTE NO to any poll that sends community funds."

The Mirror has also identified six other polls — with IDs 185, 198, 204, 206, 207, and 208 — that have attempted to substantially deplete the community pool and lead to MIR dumps:

“Poll #208 is the 2nd attack on mDOT and was made by the same thief who started this wave of community pool theft with fake poll #177.”

Public blockchain platform Solana has stepped up its on-chain development initiatives following the recent distributed denial of service (DDoS) attacks.