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Ethereum’s move to PoS from PoW should take place approximately on September 15. The cryptocurrency community is waiting for the network to move from energy-inefficient PoW to an environmentally friendly PoS algorithm. On the eve of this event, scammers became more active. They are trying to make money on inexperienced market users.
The hype around the migration of the network is large, which attracts intruders. For example, reports began to appear on Twitter that allegedly Vitalik Buterin himself offers the user to take part in the distribution of ETH in honor of The Merge. Despite the fact that this is a fraudulent scheme, some users responded to the call of the false Vitalik.
What schemes are used by scammers against the background of the upcoming move of Ethereum to PoS
For example, attackers offer users to transfer cryptocurrencies, which will allegedly be doubled as part of the distribution. Another scheme is to collect data on the cryptocurrency wallets of community members during the distribution. This data is then used by fraudsters to steal assets, picking up access keys.
To attract the attention of users, criminals create false accounts of the developers of the Ethereum project. And under my posts, in order to enhance the advertising effect, I post messages supposedly from community members who have already taken part in the distribution.
To attract the attention of the audience, scammers even post messages from Vitalik Buterin himself on his page. Thus, they can count on the fact that inexperienced users will fall for their schemes and give away funds.
How successful will be the schemes of scammers to deceive users waiting for the transition of Ethereum to PoS
Since the transition should take place on September 15, the attackers do not have much time to deceive. However, even a few days can be enough to deceive gullible and inexperienced users and earn tens and hundreds of thousands of dollars.
The problem is not that scammers cheat, but that the users themselves are illiterate. Instead of increasing their literacy, they expect to make a quick profit, and in a hurry they become victims of criminals. Who, then, is to blame for the loss of funds? Rhetorical question!
Author: Vadim Gruzdev, Analyst Freedman Club Crypto News
#Scammers #Ethereum #PoS