Almost $16,000 stolen at Ethereum wallet attack

Myetherwallet.com attacked by hackers sending phishing emails, but criminals quickly unveiled by ethical hacking expert 
26 October 2017   459

The phishing campaign was uncovered by Wesley Neelen, a Dutch IT infrastructures security researcher, who has worked as an ethical hacker in several organizations for 6 years. He received an email from the criminals to his unique email address, known only by a limited mailing list, and decided to investigate this further. The malicious link in the email led to a fake version of the Myetherwallet.com website. Little did cybercriminals know that they targeted a hacking expert.

Those who clicked the link were given the information about the upcoming Ethereum hard fork and asked to enter their private keys to unlock their accounts. The private keys and passwords were later used by hackers to steal all the coins from victims’ wallets.

Wesley Neelen stated that although the fake website was designed to look exactly like the original site, he noticed that the address of a fake website contained a small comma beneath the “t”, and the cybercriminals used a Unicode trick to register such domains.

Neelen found out that a certain people have already fallen victim to the scam as he found a file that contained a list of all the wallets stolen by the hackers.

The total amount stolen was determined by security experts as $15,875.65 in Ethereum which hackers were able to withdraw from the accounts in only two hours.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
21 February 2018   26

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.