Is TerraUSD (Wormhole) a scam?

Asked about TerraUSD (Wormhole) (UST).

Short answer

TerraUSD (Wormhole) (UST) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.

Source: isthiscoinascam.com · Updated 2026-06-04

Red flags raised

  • Team is anonymous
  • Not listed on any high-trust exchange
  • No hard cap on total token supply
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • Upgradable proxy
  • Very low on-chain liquidity

Positive signals

  • Token contract address is publicly viewable on Etherscan for the Ethereum deployment (0xa693b19d2931d498c5b318df961919bb4aee87a5). ([etherscan.io](https://etherscan.io/token/0xa693b19d2931d498c5b318df961919bb4aee87a5?a=0x5a14bd3f2bf84c3690d653f1d40cfb7a8a9b3c26&utm_source=openai))
  • Telegram channel member count for Wormhole Announcements was found (12,942 members). ([t.me](https://t.me/wormholecrypto?utm_source=openai))

Team transparency

The TerraUSD (Wormhole) team is anonymous — public identities are not on record.

See the full report

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