MyEtherWallet is still scam-prone

MyEtherWallet advises on how to protect yourself from scam
24 July 2017   4357

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

A free, open-source, client-side interface for generating Ethereum wallets, MyEtherWallet, argued that it had not been hacked on Twitter, July 21th.


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

However, the very next day the company posted another tweet concerning fake MyEtherWallet support. As shown, the team bewares users of scam messages on Slack and via email claiming that the true support team has names and does not message first. 

Thus, MyEtherWallet team published a guide on how to protect yourself and your funds, giving the clients some useful advice including the following:

  • Get yourself a Ledger or Trezor Hardware wallet.
  • Bookmark your crypto sites.
  • Use MEW Locally / Offline. 
  • Do not trust messages or addresses or URLs sent via private message. Always verify information w/ a secondary source. 
  • Turn on 2FA for everything. 
  • For Token Sales: do not trust any address except the one posted on the official site.
  • Double check the URL & Triple check Github URLs.
  • Always verify that the site you landed on is legit.
  • Google the service name + "scam" or "reviews"
  • Don't ever run remote-access software (e.g. TeamViewer)
  • Don't use brain wallets
  • Install an adblocker that actually turns off Google/Bing Ads.
  • Don’t click on advertisements.
  • If you have accidentally visited or typed a malicious site, clean out your recent history and autocomplete.
  • No one is giving you free or discounted ETH.
  • The guys who just finish their token sale don't want to sell you tokens via Slack DM.
  • Download the MEW Chrome Extension
  • ONLY unlock your wallet when you want to send a transaction. Check your balance via,

On top of that, MyEtherWallet team also recommends using your brain. 

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   95

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.