Scammy ETH "Forks" to Steal Users' Private Keys

Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV) are new crypto scam projects
11 January 2019   652

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.

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   66

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.