The etherfront loopholes attack, hackers, phishing, Ponzi scams are on the rise


nnnAdventure: Ethernet Square with intelligent contract and the new programming language is different from Bitcoin, attracting a large number of ICO projects, while a lot of money flow has become a hacker and other Internet criminals goal. Including phishing, vulnerability attacks, Ponzi scams, etc. to steal a lot of money. One of the most eye-catching is the DAO event. But there have been some identification and warning of these scam items, can be used as a reference before the investment.n
nnTranslation: Annie_Xun
nEthernet Square is the expansion of the bitcover payment method, an increase of a large number of programming languages, the implementation of intelligent contracts.n
nAlthough this innovative technology attracts a large number of encrypted currency enthusiasts to see its potential, but also become a base for cybercrime.n
nAs with all new technologies, hackers have stepped millions of dollars with new technology over the past few years.n
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nThe first large-scale cybercrime incidentn
nMany encryption money lovers still remember that in June 2016, the first large-scale cybercrime broke out in the etherfront. After the release of the DAO project, the network began to gain momentum, ICO financing reached a record high of 150 million US dollars.n
nSuch a high amount inevitably arouse the interest of hackers, began to find the project code, and ultimately found loopholes. Using this discovery hackers stole $ 74 million in financing, accounting for nearly 40% of the total ICO.n
nAlthough some of the funds eventually recovered, but the event itself for the first time sounded the alarm, called for more cautious and safe treatment of the ether square.n
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nThe rise of the thief with thiefn
nBecause the Etherman Square allows developers to build relatively complex intelligent contracts and de-centric autonomous applications (DApps), coupled with the rise in currency prices, making the tower to become increasingly popular tokens sales platform.n
nThese ICOs not only affect the block chain on a regular basis, but also have significant security risks for such projects. Chainalysis estimates that $ 150 million was raised by cybercriminals for ICO’s $ 1.6 billion this year.n
nIn other words, 10% of the amount of financing in the wrong hands. Approximately 30,000 victims have an average loss of $ 7,500 per person.n
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nSpeculation, hacking, phishing, Ponzi schemen
nThe common cybercrime can be divided into four categories: vulnerability attacks, hackers, phishing, Ponzi scheme.n
nThe biggest event of the vulnerability was DAO, but in June 2017 the Parity Wallet was stolen $ 30 million.n
nAlthough some cybercriminals choose high-profile attacks and exploits, phishing is actually the biggest source of revenue.n
nAt present, phishing accounts for more than 50% of the total revenue of cybercrime this year, more than the majority of media coverage of the vulnerability attack.n
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nThe open nature of the block chain makes it possible to calculate the data of the cyberspace cybercrime because the transactions in the network can be analyzed and audited.n
nMore and more solutions are emerging to monitor blockline trends and extract information from them.n
nIn the improvement of the technology, the developers in the preparation of more secure contracts, these are positive trends. However, protecting users from phishing attacks is a different problem.n
nThe Ethereum Scam Database created by the MyEtherWallet team in 2017 regularly discovers and lists scams, which should be carefully examined before investing in ICOs.n

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