A phishing attack on Terra blockchain’s website has caused the company to freeze its website until all issues have been resolved. Terra warned users not to interact with any site using the terra(dot)money domain and asked customers to steer clear of the sites until the matter was resolved. Terraform Labs has appointed Chris Amani as its new CEO, who said that the blockchain company will no longer be algorithmic stablecoins.In response to the phishing attack, Station, a Terra-powered wallet, has made significant changes to ensure security. This includes an update of the Station Chrome extension to version 7.4.4 to thwart phishing attempts and also updated its other browser extensions like Microsoft Edge and Firefox. Station also asked customers not to use its mobile and desktop apps until the team has confirmed their safety.Do Kwon, the co-founder and former CEO of Terraform Labs, has been arrested and is currently serving a four-month jail term in Montenegro. The US and South Korea, which believe Kwon is responsible for Terra’s crash and users’ losses, are seeking his extradition.Binance is offering a free $100 and 10% off fees on Binance Futures first month for those who use the link provided. PrimeXBT is also offering up to $7,000 on deposits for those who use the link provided and enter the code CRYPTOPOTATO50.

Information	Details
Geography	Global
Countries	🇲🇪 🇺🇸
Sentiment	neutral
Relevance Score	8
People	Do Kwon, Chris Amani
Currencies	TerraUSD, LUNA, Bitcoin, Ethereum, None
Securities	None