Welcome to week 24 of the Crypto Alert of the Week series by AMLT, a series dedicated to documenting interesting or high profile frauds/hacks etc that recently happened and have been reported into the AMLT Network and show how the AMLT Network along with the Coinfirm AML Platform can help fight and prevent it in the future.
The tactics used by both projects to steal people’s keys were similar. Ethereum Nowa has made a site that mimicked the widely used MyEthereumWallet. Its purpose was to obviously, phishing private keys and transferring all of the funds from the victims' accounts. Ethereum Classic Vision has also developed standalone wallet apps, their function though was the same as with ETN – misappropriating funds.
AMLT is committed to making the crypto space a safer place. If you notice any nefarious activity, you can report it to the AMLT panel and/or become a Network Member to earn rewards for your activity. The submitted data is analyzed and processed by our data science team. Once flagged, any entities or individuals using the Coinfirm AML Platform such as exchanges can see the source and prevent further risk spreading through the ecosystem. This helps the crypto economy become safer and more transparent while fighting malicious actors.
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The AMLT Team