Two Alleged Ethereum ‘Scam Forks’ Appropriating Users’ Private Keys, Report Finds

11 Jan 2019

Two Alleged Ethereum ‘Scam Forks’ Appropriating Users’ Private Keys, Report Finds

Altcoins Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV) are reportedly appropriating the private keys of users trying to redeem their allegedly forked coins. The suspected scam was covered in a report sent to Cointelegraph by the Guarda Wallet development team on Jan. 11.

The official website of the Ethereum Nowa project — which doesn’t contain a white paper — describes the process that users are supposed to engage in to obtain ETN. According to the website, the user should first send ETH to an address, and then export the private key and redeem the cryptocurrency using the dedicated online tool.Continue Reading on Coin Telegraph

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