Fake scam Etherdelta clone steals users' data

Scammers put their website above the real one and inattentive users may not notice it
24 July 2017   9072
Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

Reddit user with nickname "frenchhoudini" had found a scamming website, that uses the name of popular decentralized exchange platform "Etherdelta".

Fake EtherData
Fake EtherDelta

As you can see from a Google search screenshot, scammers created a phishing website with almost similar domain name; inside website is a full clone of a real one.

Fake websiteFake website

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Users had already reported about this website, and now a "gLthub" version is out of search. But we made our own investigation, and scammers now using another website, which is available as an advertisement link from Google.

New Fake EtherDelta
New Fake EtherDelta

As you can see from a screenshot, hackers now using new fake domain, "gitLhub". There is no information about when this search issue will be fixed. We can only recommend beeing extremely careful and double-check domain names before using any websites.

Meanwhile hacks become more and more popular in blockchain world. For example, due to Parity hack, many Ethereum-based projects lost a lot of money. Or let's remember an Ethereum Classic Wallet hack, when hackers used "social engineering" to steal user's data and withdrow funds.

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   83

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.