Terra Luna Classic Crashes Amid Terra Money And Station Issues

The Terra ecosystem tokens have seen a significant drop in value over the past two weeks. Terra (LUNA) and Terra Classic (LUNC) prices plummeted by more than 20% amid issues with Terra Money domains and the Station wallet. The Terraform Labs developers have failed to recover or fix the issues while the domains remain frozen to prevent phishing scams.

Terra Tokens Suffers Amid Terra Money and Station Woes

Terra Money in the latest status update on August 25 revealed that the terra(dot)money domains will remain blocked to prevent phishing scams. Customer funds in the Station wallet are marked safe by the team.

“The terra(dot)money domains remain frozen to prevent phishing scams, and we’re actively working with the domain registrar to regain access as soon as possible. User funds in Station wallet are safe.”

Last week, TFL discovered compromise of terra(dot)money domains and the attacker attempts to scam Terra users via phishing attacks. In response, terra(dot)money domains were frozen to safeguard the Terra community and protect user funds.

The team also updated the Station web app and browser extensions, warning ecosystem partners to avoid interacting with domains. The work is in progress to contact the domain registrar to reclaim control of terra(dot)money domains.

Meanwhile, the Station wallet web app is now live at station.money domain. Also, browser extensions are updated and are now safe to use. Moreover, Finder block explorer and Docs are at temporary domains.

Read More: Terra Luna Classic Validator To Fund USTC Repeg Team As Community Rejects Proposal

LUNA and LUNC Tumbled 20% and 30% In a Month

During the issues with domains and Station, Terra and Terra Classic prices fell massively. LUNA and LUNC prices are down 31% and 21% in a month.

LUNC price currently trades at $0.000062, down 3% in the past 24 hours. The 24-hour low and high are $0.0000621 and $0.0000644, respectively. The trading volume has also decreased in 24 hours. Meanwhile, USTC price is trading at $0.012, down 4% in the last 24 hours.

LUNA price fell 4% in the past 24 hours, with the price currently trading at $0.41. The 24-hour low and high are $0.410 and $0.434, respectively.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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