Luna 2.0: Scammers Simulate Airdrop to Lure Victims

Luna 2.0: A real airdrop of the cryptocurrency will be made today. But criminals are taking advantage of the imminent release to create fake airdrops of the new cryptocurrency of the Terra ecosystem.

PeckShield, a specialist in blockchain analysis and security, issued an alert about the case on its Twitter profile last Thursday.

As noted, the scammers sent units of the newly created “Wrapped LUNA 2.0” to Terra Deployer from an anonymous address on the Ethereum (ETH) network. These tokens were then distributed to various wallets, including the public addresses of big industry names such as Vitalik Buterin , Andreesen Horowitz, and Justin Sun.

This would be done to give more “legitimacy” to the possible scam, making other users believe that the address would really be the source of the real LUNA 2.0 airdrop. In this way, criminals expected UST and LUNA holders to send their assets in hopes of receiving the new cryptocurrency from the Terra blockchain.

Despite price crashes on both tokens, sending in large quantities could yield high values for scammers. Users who have fallen for the scam have not been identified so far.

It is worth noting that sending tokens to public addresses of prestigious individuals in the market is not uncommon. Shiba Inu (SHIB), for example, sent a large amount of its supply to Buterin last year, who burned most of those assets and donated the rest to Covid-19 funds.

LUNA 2.0 Airdrop: How will it be done?

As announced on Wednesday, the proposal aimed at resurrecting the Terra network was finally approved by the vast majority of its users. In it is the plan to hard fork the project’s blockchain, with a new network being created from scratch.

This new blockchain will be managed in a decentralized way by its own community, and no longer by the decisions of Do Kwon and Terraform Labs. LUNA 2.0 will be the network’s native token, while the current LUNA will remain on the collapsed blockchain, being renamed LUNA Classic.

Four groups of users in possession of the former LUNA and the UST will be entitled to participate in the airdrop of the new cryptocurrency, with the amount to be received varying in proportion according to those who held the assets before or after the crash.

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