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Here is a classic recipe for creating a Flaming Crypto Scam: create a website. Add an impenetrable white paper. Fold in some barrels of confusion and voila! Your scam is ready to serve.
It looks like the recipe that uses something called Ethereum Classic Vision. He claims to solve Ethereum's scalability problems while keeping the miners happy.
The name of the coin sounds confusingly like the Ethereum Classic which is the original pre-DAO version of Ethereum. Taking advantage of the ho-ha surrounding the true, upcoming Ethereum hardto hardtop, this ETCV claims to be a fork, scheduled for January 11, and offers users 3 ETCVs for each ETH in their portfolio. It would be nice if ETCV were really real, it had a value is the project was not just designed to steal your private key.
According to Guarda, which provides more cryptocurrency portfolios, "Ethereum Classic Vision seemed firmer [than the Ethereum Nowa hard fork] at first glance, but the code analysis performed by our team showed that the piece of code provided actually sends the private key data to the Ethereum Classic Vision servers, disguising it as an API token. "This means that it acquires your private key data without even knowing – which will allow you to transfer all your funds outside your Ethereum portfolio, if you download the one on your website, in fact, MetaMask has even entered the blacklist and added to the list of domain warnings, and the Github project repositories, where the bifurcation code is stored, are empty.
We have contacted the Ethereum Classic Vision website, but we have not yet received an answer.
In the meantime, did someone take the fork seriously? It seems that the project received less attention than the Ethereum Nowa hard fork that we unmasked here. However, it has been widely shared on Twitter besides his 1200 followersEven if your account has been temporarily limited. Although many of the actions seem to come from bots, these can still make the project seem legitimate for the masses. Some comments It seems to come from real people, also, asking questions such as which exchanges will accept the fork.
It also has a bounty program that has attracted a lot of attention on BitcoinTalk, a popular bitcoin and altcoin discussion forum. It promises ETCV awards for those who spread the word about scam through social media channels, including blogs, Telegram and Youtube. In fact, 3,407 comments were made with many who have fulfilled tasks such as sharing content on Ethereum Classic Vision or automatically including a mention below all their comments on BitcoinTalk. Some of these comments seem to come from members with a Hero or Legendary status, a sign that the scam may have surpassed those with more experience in the cryptography industry.
The prevalence of highly sought after and best performed scams is a worrying sign. Just last month, an exploit in the Electrum portfolio facilitated a phishing scam that yielded nearly $ 1 million in bitcoins. If only there were a website and an offer of white papers, make an anti-fraud currency. Oh wait, there are many.
We'll let you know if we hear from ETCVs again, and in the meantime, we'll keep our private keys private, thanks.
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