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Upcoming forks in Ethereum and Ethereum Classic have given opportunity to scammers. Two alleged "hard fork" versions are trying to steal money from users of both. Ethereum Nowa claims to be forking away from ETH. Ethereum Classic Vision claims to fork away from ETC. These are forged in response to regularly scheduled network upgrades in both blockchains.
Accordingly, the team at Guarda, wrote to web-based solution similar to Coinomi, wrote to CCN to report that both of these forks are scams. The official web wallets Both Ethereum Nowa and Ethereum Classic Vision have provided are scams. They attempt to capture private keys. Unsuspecting users may have lost money using this method.
Firefox and MetaMask have been caught on to the scams. Ethnowallet was identified by Firefox as a "deceptive site."
Thankfully, this reporter's MetaMask extension caught on Ethereum Classic Vision.
Capturing Private Keys
MyEtherWallet.com is a popular web-based crypto wallet solution. It only requires a web browser. The user does not have to be online. It does not share private key or transaction information with the MyEtherWallet.com servers. MyMonero.com and Coinb.in work similarly.
Watch investigated the alleged prospective ETH forks. They are promised that they will be able to fork their coins and get the new chains. Importantly, look at that both of these alleged crypto projects were capturing private keys and transferring the data back to their servers. This is a no-go for any wallet implementation that does not expressly tell you that it's storing your coins for you.
There are other ways to fork coins. Importantly, we do not have any reason to believe these chains will exist. ETH and ETC private keys, it's unlikely that any legitimate forks will result.
As the report from Guarda states:
When accessing the Ethereum Nowa website, users can click on the "Wallet" button – this page will be redirected to Ethereum Nowa wallet creation / importing your old wallet. This is exactly where the trap lies.
Ethereum Classic Vision visionary, vision of the code of ethics on the first glace, but the analysis on the code presented by the team has been shown.
Read the full report, which contains the technical details of the ECV attack, below.
Ethereum Scammers Trying to … by on Scribd
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