Terra Network's Mirror Protocol Apparently Thwarts Active Scam Attack

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On Saturday, December 24, 2021, Terra Blockchain confirmed a scam attack on Mirror Protocol. Said attack was launched by way of a governance poll within the Protocol.

As per Mirror Protocol, the attacker launched a public governance poll that proposed a freeze on the community pool in case of a scam being launched against the platform. Initiated as Poll ID: 211, 'Freeze the community pool in case of scam', the attacker proposed an upgrade to the governance rules to improve safety in the event of a scam. If the attacker were to receive a majority of yes votes on the proposal, 25 million MIR tokens would be transferred to the attacker's wallet address.

In response thereto, Mirror took a proactive stance against the attack tweeting:

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The attacker's scam poll (211) will remain open for public vote until January 1, 2022 as per the rules of the protocol. But the Mirror Team has launched Poll ID: 212 as a warning to unsuspecting investors, simply stating:

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As a result of the proactive moves by Mirror Protocol there has been a significant rise in 'NO' votes on the ID: 211 Poll.

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At this juncture, with the sizeable number of 'NO' votes, it appears that the community pool tokens are secure.

It should be noted that Mirror Protocol has identified six additional Polls all seeking to drain tokens from the community pool and cause the fear dumping of the MIR token. These additional scam poll attacks are identified on the platform as Poll ID's: 185, 198, 204, 206, 207 and 208. Luckily, Mirror handled all these scams quickly and in the same proactive manner and when last checked, all of the scam poll attacks are well on their way to defeat.

So if you are an investor in Mirror, have staked Mirror tokens, and actively vote in governance polls, please be aware of these scam attacks being launched against the protocol.

This article is published as a supplement to the Leo Finance Terra Coin Guide.