View source for Terrastation Luna Wrong Address Send Party Combination 49

{{Case Study Under Construction}}{{DISPLAYTITLE:Terrastation Luna Wrong Address Send Party_Combination_49}}[[File:Terraluna.jpg|thumb|Terra Luna]]

Party_Combination_49 reports that they were transferring their 408 Luna from one Terra Station wallet to another. Checking the blockchain from another computer, they found that their funds had actually been sent to an unrecognized wallet and were lost.

== About Terra Station ==
<ref>[https://web.archive.org/web/20221004121507/https://station.terra.money/ Terra Station Website Archive October 4th, 2022 6:15:07 AM MDT] (Sep 6, 2023)</ref>


== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
Party_Combination_49 reports that they made a transfer of Luna and UST from one wallet to another. They had a serious issue with their computer where they could not log in. After this, they found that their UST had been sent to a different wallet address.
{| class="wikitable"
|+Key Event Timeline - Terrastation Luna Wrong Address Send Party_Combination_49
!Date
!Event
!Description
|-
|December 17th, 2021 5:24:32 AM MST
|Reddit Comment
|Party_Combination_49 posts a comment about the issue on Reddit on another thread by a different user reporting a loss of funds<ref name="redditold-11222" />.
|-
|December 17th, 2021 5:30:10 AM MST
|Reddit Post Made
|Party_Combination_49 makes a thread about the issue on Reddit<ref name="redditold-11221" />. They reportedly encountered an issue with their Terra Station wallets where they transferred Luna and UST from one wallet (wallet 1) to another (wallet 2). However, after a PC reset, they discovered that wallet 2 was empty, and the transaction history showed that the address they sent Luna to was not theirs.
|}

== Technical Details ==
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

== Total Amount Lost ==
<ref name="investingdotcom-11223" />

The total amount lost has been estimated at $27,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==


=== Comment Created On Reddit ===
The first mention of the incident was in a comment responding to another user's loss<ref name="redditold-11222" />.<blockquote>i hope that you managed to get back your tokens.

I had similuar situation. I had Terrastation installed on my desktop PC and i have created two wallets. Then i transferred 408 Luna & some UST from my personal "wallet 1" to my personal "wallet 2". I copied the "target" adress directly out of the wallet 2 and pasted it to "wallet 1".

Then i logged off the PC. Next day my PC was not accessible anymore (the login option was deactivated - i had to reset my whole PC).

In parallel i installed Terrastation on another Laptop and i recovered my 2 wallets.

Then i saw that "wallet 2" was empty and i checked the transaction history - i saw that the adress i have sent the Luna to does not belong to me! I have no clue where this adress came from and i assume that it was a kind of "hack".

Do you know, who can support with this topic? I am totally fucked up.......</blockquote>

=== Thread Created On Reddit ===
Party_Combination_49 ultimately posted again about what happened in their own thread<ref name="redditold-11221" />.<blockquote>"i am facing following situation:

I had Terrastation installed on my desktop PC and i have created two wallets.

Then i transferred 408 Luna & some UST from my personal "wallet 1" to my personal "wallet 2". I copied the "target" adress directly out of the wallet 2 and pasted it to "wallet 1".

Then i logged off the PC. Next day my PC was not accessible anymore (the login option was deactivated - i had to reset my whole PC).

In parallel i installed Terrastation on another Laptop and i recovered my 2 wallets.

Then i saw that "wallet 2" was empty and i checked the transaction history ==> i saw that the adress i have sent the Luna to does not belong to me! I have no clue where this adress came from and i assume that it was a kind of "hack".

Do you know, who can support with this topic?"</blockquote>


=== Community Reactions ===
The community reactions were mixed, with some offering advice and empathy while others try to understand the details of the incident. One user asks if the OP recovered the same two wallets and suggests checking the transaction history for the "scam" wallet. They also inquire about any possibility of mistyped seeds. Another user expresses surprise that the OP logged off the PC before verifying that the funds transferred successfully. Some users express sympathy for the OP's unfortunate situation. There's a user expressing concern about the deactivation of the login option on the PC.<ref name="redditold-11221" />

Several users provide advice on verifying recipient addresses by checking the first and last characters or using a test transfer with minimal value as a precaution against potential errors or malware. Some users suggest that the incident might be due to malware on the user's computer, possibly replacing the clipboard address with a hacker's address. One user recommends investing in enterprise-grade anti-virus software to protect against common malware. A user mentions the possibility of a phishing scam and asks if the OP recently input their seed phrase on Terra Station. Several users clarify that the OP likely wasn't hacked but may have fallen victim to malware or an error, as the transaction was initiated by the user themselves.<ref name="redditold-11221" />

<ref name="redditold-11220" /><blockquote>More information Is Needed to see if the transactions have a trace . Remember scammers will contact you so be safe and stay alert . Best to write it off and learn from this incident . Don’t let it discourage</blockquote>

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
TBD
== Individual Prevention Policies ==
The primary problem was that Party_Combination_49 was interacting with the Terra blockchain using a hot wallet on a potentially insecure computer. In addition, it is not clear that they validated that the address had been copied correctly when sending their funds from one wallet to another.

{{Prevention:Individuals:Store Funds Offline}}

{{Prevention:Individuals:Always Verify Executables}}

{{Prevention:Individuals:Double Check Transactions}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
Greater education is needed for users in the cryptocurrency space to avoid the insecure storage of cryptocurrency assets. While the amount of relief provided is discretionary, an industry insurance fund could assist affected users to minimize the impact from an exploit.

{{Prevention:Platforms:Cryptocurrency Safety Quiz}}

{{Prevention:Platforms:Establish Industry Insurance Fund}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
Greater education is needed for users in the cryptocurrency space to avoid the insecure storage of cryptocurrency assets. While the amount of relief provided is discretionary, an industry insurance fund could assist affected users to minimize the impact from an exploit.

{{Prevention:Regulators:Cryptocurrency Education Mandate}}

{{Prevention:Regulators:Establish Industry Insurance Fund}}

{{Prevention:Regulators:End}}

== References ==
<references>
<ref name="redditold-11220">[https://old.reddit.com/r/terraluna/comments/rigf8a/hacked_on_terrastation_luna_gone/howut8n/ Tradegrow - "More information Is Needed to see if the transactions have a trace . Remember scammers will contact you so be safe and stay alert . Best to write it off and learn from this incident . Don’t let it discourage" - Reddit] (Oct 3, 2022)</ref>
<ref name="redditold-11221">[https://old.reddit.com/r/terraluna/comments/rigf8a/hacked_on_terrastation_luna_gone/ Party_Combination_49 - Hacked on Terrastation - LUNA gone - Reddit] (Jun 5, 2023)</ref>
<ref name="redditold-11222">[https://old.reddit.com/r/terraluna/comments/qflfah/deleted_by_user/howragi/ <nowiki>Party_Combination_49 - "i hope that you managed to get back your tokens. I had [similar] situation." - Reddit</nowiki>] (Jun 24, 2023)</ref>
<ref name="investingdotcom-11223">[https://ca.investing.com/crypto/terra-luna/historical-data Terra Classic Historical Data - Investing.com Canada] (Jun 24, 2023)</ref>
</references>