Market Cap:
$228B
BTC Dominance:
66.50%
btc:
$8,328.93
eth:
$158.90
xrp:
$0.22
Advertise
Announcements

Ethereum Classic Cooperative Warns Against a New Hard Fork Scam

Ethereum Classic Cooperative Warns Against a New Hard Fork Scam

Ethereum Classic Cooperative (ECC) is warning people against a new Hard Fork scam. The scammers are trying to exploit the hard fork event and sell fraudulent proprietary “Agharta” coins.

14 January, 2020 | AtoZ Markets – Ethereum Classic Cooperative has now warned the public against a possible hard fork scam. The scam the ECC is referring to exploited users the day after the altcoin completed its hard fork. Ethereum Classic’s name derives from the highly contentious hard fork of the Ethereum Network in 2016 in the wake of the DAO scandal.  On 12 January, the Ethereum Classic (ETC) activated Agharta hard fork.

ETC Warns Public of Spurious Agharta Coins

 The Agharta hard fork aims to improve interoperability with the protocol changes introduced in its blockchain through its Constantinople and St. Petersburg upgrades.

However, the occasion of the hard fork seems to have spurred the malign actors behind EAgharta trying to exploit the event. Scammers are trying to sell fraudulently “Agharta” coins. The new tokens, as the ECC Cooperative points out, were also not created as part of the network’s hard fork.

The ETC cooperative tweeted on January 13, exposing an alleged scam claiming to be “EAgharta.”

“Needless to say,” EAgharta “is a complete scam, probably from the same people who did something very similar to Atlantis. Stay away. ETC Agharta did not produce new” Agharta coins “. Moreover, they are just trying to scam you.”

Read More: CME Bitcoin Options Receive Regulatory Approval

EAgharta’s Twitter Handle Provided by ETC Cooperative

ETC Cooperative has released a screenshot of EAgharta’s Twitter handle urging users to “securely claim Ethereum Classic #Agharta (ETC Hard Fork)”. Moreover, the Twitter handle is linked to the scheme’s website and its Trumpian byline of “Agharta Hardfork – make the Ethereum Classic great again!

Once users enter the site, they are asked to enter and save a password to create a new dedicated wallet. Etcagharta.org also claims not to keep users’ keys on their behalf:

“We can’t access accounts, recover keys, reset passwords, nor reverse transactions. Users should protect their keys and always check that they are on the correct URL [sic.]”.

As AtoZMarket reported earlier, Ethereum Classic (ETC) became the largest gainer among the top cryptocurrencies due to the Atlantis network upgrade. Now, ETC Cooperative oversees and deploys funds from Grayscale Investments for the ETC network’s development. The cooperative’s spending policy also supports the development of the Ethereum Classic network, infrastructure, and related applications.

Think we missed something? Let us know in the comments section below.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.

Premium Brokers

Your capital is at risk.