Terra’s Mirror protocol warns community against governance attack

Terra, a public blockchain network, confirmed an ongoing fraud attack through an official governance poll on Mirror. Mirror is an internal synthetic asset protocol.

Mirror reports that the attacker started a public poll via Mirror’s website. This suggested a freeze on Mirror’s community pool to prevent a fraud.

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

The poll ID: 211 is titled “Freeze community pool in case scam”. It states that the scammer proposes to upgrade community governance rules to make it safer in the event of a hack. 25 million MIR tokens, which are worth $64.2 million at time of writing, will be sent to the address of the hacker if he gets a positive result on the poll.

Results of Poll 211. Source: mirrorprotocol.app

Mirror’s proactive approach of warning the community has led to a significant increase in the number ‘No’ votes, confirming the security and integrity of the funds. WuBlockchain claims that the attacker started Proposal185 disguised as a request to Solana for cooperation. This was a ruse to steal 25 million MIR tokens out of the community fund pool.

Public voting for the attacker’s poll will continue until January 01. The Mirror team has launched Poll 212 to warn investors not to be too careful:

“Poll 211 sent 25,000,000 MIR to it.” Vote NO to any poll that sends community funds out.

Related: Solana’s on-chain development rises after a recent DDoS Attack

Following a recent distributed-denial-of-service attack (DDoS), Solana, a public blockchain platform, has intensified its on-chain development efforts.

Daily GitHub Submissions Bitcoin, Solana and Cardano starting Nov. 12 through Dec. 13, 2021. Source: Santiment

Cointelegraph reported that the fifth-largest Blockchain was able to defeat the attack without having the network shut down. Solana, however, has increased its on-chain activities due to concerns about network vulnerability.

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