Fake scam Etherdelta clone steals users' data

Scammers put their website above the real one and inattentive users may not notice it
Sergey Siminskiy's picture
Sergey Siminskiy
24 July
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.

Huobi and OKCoin to add Bitcoin Cash

Two largest Chinese exchanges add support for Bitcoin Cash
Diana Ugay's picture
Diana Ugay
22 August

Two largest Chinese cryptocurrency exchanges, OKCoin and Huobi, announced adding the support for Bitcoin Cash.

As OKCoin argues, the decision to add Bitcoin Cash was made after a "technical verification and comprehensive testing" of the coin:

Thus, OKCoin will officially support Bitcoin Cash (BCC) deposit and spot trading on August 22nd (06:00 Eastern Standard Time, UTC+20 HRS, 18:00 China/Hong Kong time). However, it is noteworthy that currently the exchange are only supporting BCC deposit and trading on the website. On top of that, to ensure a safe trading environment and to avoid potential 51% attacks and transaction malleability, there will be increased security verifications when depositing BCC. 

As for Huobi, the exchange claims that considering that Bitcoin Cash has entered the top three digital assets by market capitalization and has extensive support for trading platforms, there's the hope that users will realistically assess the risks associated with BCC trading.

Huobi will launch BCC/CNY on 17:30, August 22, 2017 (GMT +8). BCC trading will be available on main Huobi while BCC deposit was allowed from 17:00, August 9, 2017 (GMT+8).  

Bitcoin Cash charts on coinmarketcap.com Bitcoin Cash charts on coinmarketcap.com

As shown, at the time of writing, the Bitcoin Cash cryptocurrency price is about $687 and its market capitalization is more than $11 billion.