Fake Luna 2.0 tokens targeting users already identified

According to Blockchain security company PeckShield, scammers are sending ‘Wrapped Luna tokens’ to high-profile addresses, including Vitalik Buterin, Justin Sun and the 3AC Foundation.
May 27, 2022 - Cynthia Chung

Blockchain security and data analytics company PeckShield, has identified scam Luna 2.0 tokens or ‘Wrapped LUNA 2.0’ being sent to high-profile Ethereum wallet addresses in a bid to disguise as the real Luna airdrop slated for today. 


Among the recipients of the wrapped Luna tokens include Vitalik Buterin, Andreesen Horowitz, Three Arrows Capital, Justin Sun and the wallet of the 3AC foundation, PeckShield reports 


The tokens were initially sent to Terra Deployer from an anonymous address to deceive users into thinking that the wrapped Luna 2.0 tokens with the aim to urge users to send their real funds to the smart contract addresses.

Transactions made to high-profile wallets that include tagged addresses similar to Justin Sun’s and ENS address vitalik.eth gives the contact page credibility. Users will gravitate to the fraudulent contact page and trade their tokens for the new version.

The fake airdrop is open to Luna holders with less than 500k aUST (UST deposited in Anchor) at the pre-attack snapshot period. However, Do Kown stated in his Terra revival plan that UST and Luna holders with assets bridged off of Terra are likely to not be eligible for the airdrop. This means that the ‘airdrops’ on Ethereum and other Blockchains are fake. 


Terra’s new plan is to implement a hard fork on the old Terra Blockchain while deploying a brand new Luna token renamed LUNC. LUNC tokens will be distributed to UST and LUNC holders based on their positions during the snapshots of the Blockchain. 


Photo: Investopedia, Twitter @PeckShieldAlert


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