Fake scam Etherdelta clone steals users' data

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

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


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.

Ethereum network is still unstable

Byzantium had executed on Monday, but developers aren't ready to call the software transition complete
18 October

Organizations and developers are better off refraining from launching large projects until the Ethereum network is fully stable after the recent Byzantium update. This is said by the Gavin Wood, Parity Technologies head and reported by the Coindesk.

Since new versions of the software were released just days before the fork, much of the network has not yet been updated. So, at the time of press, slightly more than 25% of Parity customers updated, in Geth this indicator is slightly higher - about 59%. So, in total, the update was made about 45% of the network.

Another aspect that should also be taken into account is the short time for testing. In particular, the developers recalled previous versions of the software, discovering critical errors that could make the network vulnerable to DoS attacks or lead to incompatibility between nodes and, as a consequence, network sharing.

Therefore, the question of how safe the network is at the moment is fully justified and, taking into account what has been said above, remains open. This is exactly what Gavin Wood warned, recommending at this stage to refrain from launching large-scale projects.

In addition to the nodes that have yet to update, there is also a possibility that in the current Byzantium software there may be bugs that endanger the security of the Ethereum network. The most dangerous among them is a bug of consensus, in which nodes can not communicate. Its result can be the separation of the block-man into several incompatible chains.

As far as is known, at the moment developers are conducting extensive tests, trying to detect such bugs before they are active. As Gavin Wood says, if the network does contain such a bug, it will take several days to prove itself.

I don't think anyone believed the network was going to self-combust on block 4,370,000.

Gavin Wood
Head, Parity Technologies

The head of Parity Technologies is also convinced that if problems are discovered, the Ethereum development team will quickly release new updates designed to prevent any harm to the platform.