Did you receive any email from MyEtherWallet about the Hard Fork Update? If yes, be very careful - Fake MyEtherWallet Email Can Cost you Ethers. See how you can protect your funds.
25 October, AtoZForex – Yesterday, online reports stated that there was an email circulating in the industry from the impersonator of MyEtherWallet (MEW). As of now, the fraudulent website seems to be taken down. Do you think your Ethers are safe?
Fake MyEtherWallet Email Can Cost you Ethers
Following the scam email, all users are advised to exercise extra caution. Here is how to understand if you received this scam email:
- The scam email came from sender “MyEtherWaIIet” - Fraudsters used capital “i” instead of “I”;
- The reply address is: email@example.com - Note the extra “l” in the end;
The email contains the message that claiming that the recent Ethereum hard fork had an impact on MyEtherWallet.
The email is also directing users to “synchronize their wallets for continuous undisturbed services.”
WARNING: Do not do this under any circumstances!
Please the find screenshot of the email below.
A closer look at the link in the email reveals that the fraudsters used a Roman 'ț' (T-comma) in the spelling of the web address. The site is set up as a mirror of the official MEW website. However, the IP address on the fraudulent website is based out of the Holland.
How do fraudsters operate?
Usually, when a user is redirected to such fraudulent websites, acting as a genuine website, their accounts get exposed to the criminals. Users type in their private keys, thinking that they do so on the real website and then the false entity is taking over their contents of the wallets.
In fact, the real MEW does not store any of its user’s private keys. This is exactly why scammers need users to type their keys manually.
Following the Fake MyEtherWallet Email, the official spokesperson at MEW has commented on the case:
"We're doing what we can to stop the phishers and shut them down as quickly as they pop up, but they will only stop when they stop making money from these attacks.
Protect yourself by installing MetaMask or EAL Chrome Extensions, not clicking links from emails or messages, and/or in a hardware wallet. Tell your friends and warn others to do the same.
You don't need to do anything for the hard fork. If it sounds too good to be true, it's a scam. If you get a scary DM but no one else is talking about the scary DM, it's a scam. Don't trust the scary Slack DMs. Don't listen to links or messages sent to you unprovoked. Get yourself a hardware wallet.”
MEW further recommends the use of hardware wallet as a great safety measure. Moreover, adding the extensions for Chrome, such as MetaMask can solidify the protection against malicious URLs. MEW also adds that it has a public-facing repository of information that users can utilize to protect their funds.
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