Ethereum
$146.16 -1.45%
ETH · 116w

How to scam $102,860 USD worth of Ethereum in 24 hrs with Slack

How to scam $102,860 USD worth of Ethereum in 24 hrs with Slack

Fear Of Missing Out (FOMO) is going to the moon

Slack was designed for teams in an organization to collaborate. The concept of a team has a fundamental assumption of trust built into it.

As a result Slack has a bunch of scam vectors.

A lot of cryptocurrency projects are using Slack as a medium of communication. Ethereum introduced the Initial Coin Offering (ICO) concept with its crowd sale. Raising funds before the project was finished in exchange for tokens.

Yielding 96,560%, the Ethereum crowd sale worked out ok for those still holding.

Now if you’re not deep into crypto you might think Ethereum was a fluke. To give you context for why there is epic FOMO happening right now take a look at these returns.

Going to the moon anyone?

Returns like this have never been available before, let alone to regular people. This has lead to a willingness to believe in the unbelievable. Combine:

No regulationNo recourseA direct channel to targetsFOMOUnprecedented gains that put a get rich quick scheme to shame

and you have a scammers paradise.

Attack 1 — Direct Messages

Slack is kind enough to send users an email to let them know they have unread direct messages. Naturally scammers have started sending direct messages to users. This bypasses email scam filters since the email is coming from [email protected]

When an ICO happens the process is communicated through a variety of public channels. These announcements create a very convincing template for scammers to use.

I want a 100% bonus …. like, who doesn’t?

Blockchain provides transparency into how much was scammed.

etherscan.io makes it easy to look up transactions on the blockchain to a particular address. Using the address in the scam we can see 106 transactions and a balance of $102,680.35 USD

A variation involves an ale...

Continue on hackernoon.com
Recent news
ETH -1.45% · theblockcrypto.com · 3h

Nike receives patent to tokenize shoes on Ethereum

Shoe manufacturer Nike just received a patent to tokenize shoes on the Ethereum blockchain.  In a document posted on the U.S. Patent and Trademark Office and dated Dec. 10, Nike stated that it intends...
ETH -1.45% · cryptotrader.tax · 4h

New IRS 1040 Schedule 1 has cryptocurrency question

Two days after the IRS released their updated and highly anticipated new cryptocurrency tax guidance in October of 2019, the agency circulated a draft of the new 1040 Schedule 1 for the upcoming 2019 ...
ETH -1.45% · twitter.com · 6h

Bitpay adds ERC20 Stable Coins

BitPay merchants around the world can now accept #stablecoin payments in PAX, USDC, and GUSD. Meet payments with the speed of blockchain and the stability of dollars 💸: https://t.co/F6R02uvANU #Block...
ETH -1.45% · blog.district0x.io · 6h

district0x Dev Update - December 10th, 2019

The Istanbul hard fork went live on the Ethereum Network over the weekend, and along with its successful deployment the district0x service providers capped off several major milestones for our…