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Terra’s Mirror protocol warns community against governance attack

Public blockchain community Terra has confirmed an ongoing rip-off assault through an official governance ballot on Mirror, an in-house artificial belongings protocol.

Based on Mirror, the attacker launched a public ballot on Mirror’s official web site, which proposes a freeze on the neighborhood pool in case of a rip-off.

Based on Poll ID: 211, named “Freeze the neighborhood pool in case of rip-off”, the scammer proposes an improve of safer neighborhood governance guidelines in case of a hack. If the hacker manages to get a optimistic majority on the ballot, 25 million MIR tokens (worth $64.2 million on the time of writing) might be despatched to the hacker’s tackle.

Voting outcomes of Ballot 211. Source: mirrorprotocol.app

As evidenced by the above screenshot, Mirror’s proactive method to warn the neighborhood has seen a large enhance within the variety of ‘No’ votes — confirming the safety of the funds. Based on WuBlockchain,the attacker initiated Proposal 185, disguised as a request for cooperation with Solana, successfully making an attempt to defraud 25 million MIR tokens from the neighborhood fund pool.

The attacker’s ballot will stay publicly accessible for voting until Jan. 01. Nonetheless, the Mirror group launched Poll 212 to warn the unwary buyers:

“Ballot 211 sending 25,000,000 MIR to itself. VOTE NO to any ballot sending neighborhood funds out.”

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