Scammers Use Buterin's Name to Steal Funds

Fraudster claims to be Vitalik Buterin declares that "his laptop, literally, dead," so he needs money until he gets to the cold wallet
23 January 2018   1494

Buterin decided to warn his subscribers on Twitter about the scamming scheme, which is gaining popularity, in which cybercriminals under the guise of the creator Ethereum are trying to fraudulently capture the cryptocurrency accumulation of potential victims.

As Buturin explains, the fraudster who claims to be himself declares that "his laptop, literally, was dead," so he needs money until he gets to the cold wallet, which will take about a week.

Users have already compared the hypothetical situation in which Buterin could request Ethereum, with Bill Gates trying to get a serial key from Windows.

Attackers do not cease to invent new schemes to steal cryptocurrency from its owners. Recently, Kaspersky unveiled new Facebook phishin scheme.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   70

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.