Scammy ETH "Forks" to Steal Users' Private Keys

Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV) are new crypto scam projects
11 January 2019   673

Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV) fraudulent projects steal private keys from users, offering the latter to participate in the free distribution of coins. This is reported by the Cointelegraph.

There is no white paper on the Ethereum Nowa project site, however, the order of actions that users are invited to perform in order to receive ETN coins is described. In particular, they are advised to send a ETH to a specific address, then export the private key and receive forks using a special online tool.

The tool itself, proposed for obtaining coins, is a clone of the Ethereum wallet MyEtherWallet. It has a lot of design elements of a popular wallet, the only difference is in the domain.

Another scam project - Ethereum Classic Vision - has whitepaper. It says that hardfork will be held today, January 11, at 20:00 GMT. 

The analysis on the code performed by our team has shown that the piece of code provided actually sends your private key data on the Ethereum Classic Vision servers, masking it as an API token.
 

Guarda Wallet Team

The project website contains links to wallets under Windows and Linux.

Ethereum Foundation to Allocate $30M on Key Projects

For example, $3 000 000 will be spend to attract developers
22 May 2019   83

The non-profit organization Ethereum Foundation, which promotes and supports the development of the Ethereum ecosystem, will allocate $ 30 million for the development of key projects. Of these, $ 19 million will go to the “ether of the future”, $ 8 million to support the “ether of the present”, and another $ 3 million to attract developers.

The priority direction of development is Ethereum 2.0, second-level solutions for network scaling like Plasma, as well as other studies related to the transition of the ecosystem to the Proof-Of-Stake consensus algorithm.

We've actually already had all the research breakthroughs we need for a full implementation of eth2. This has been the case for about a year now.
 

Vitalik Buterin

Creator, Ethereum

At the same time, the organization attaches great importance to maintaining the current version of the network, which provides security of assets worth billions of dollars and hundreds of running decentralized applications.

In addition, $ 3 million will be spent on training developers and their further involvement in the work on the protocol, as well as on holding a Devcon conference and supporting regional communities.

The Ethereum Foundation retains about 0.6% of the total Ethereum emissions, but over time it expects organizations like DAO Moloch to partially finance the development of the ecosystem.