RATE Group | Cloned FOMO3D Game Most Probable Reason for Ethereum Congestion
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Cloned FOMO3D Game Most Probable Reason for Ethereum Congestion

09 Aug Cloned FOMO3D Game Most Probable Reason for Ethereum Congestion

Posted at 06:40h in Ethereum News by

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For days in a row, a single smart contract has raised gas prices on the Ethereum network.

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For days, a mystifying contract sending ETH around has been hoarding the gas on the Ethereum network, raising prices for all users. According to experts, the reason may be a clone of the FOMO3D game, an Ethereum lottery that has appeared in the past. FOMO3D is an online lottery with a jackpot, which creates the need to continuously buy keys in order to stand a chance to get away with the jackpot.

As of 4:30 UTC, the smart contract for the game, which looks like the real thing and not a test, was consuming around 34.5% of the gas. ETH transaction prices have calmed down a bit, though still at $0.39, up from a penny a few days ago.

“What we’re seeing here looks like another clone of a known Ponzi scheme game. Analysing this smart contract’s machine code, it has a very high resemblance to the FoMo3D short smart contract and its transactions seem to support it. FoMo3Dshort is a shorter…

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