RATE Group | Ethereum (ETH) is the Most Popular Cryptocurrency for Scammers, Kaspersky Report Shows
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Ethereum (ETH) is the Most Popular Cryptocurrency for Scammers, Kaspersky Report Shows

15 Aug Ethereum (ETH) is the Most Popular Cryptocurrency for Scammers, Kaspersky Report Shows

Posted at 14:18h in Ethereum News by

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Ethereum giveaway scams multiplied with cybercriminals pocketing $2.3 million in the second quarter of 2018.

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Ethereum is the most common crypto asset for scammers, shows the latest research by Kaspersky Labs. Phishing also continued, masquerading as popular wallets or websites. The already infamous Ethereum giveaways keep spreading on social media, affecting famous Twitter handles, most lately copying the account of Elon Musk.

“Ethereum (ETH) is currently the most popular cryptocurrency with phishers. The popularity of Ethereum with cybercriminals increases as more funds are attracted by ICOs on the Ethereum platform,” remarked Kaspersky Labs.

“According to our very rough estimate (based on data received from over a thousand ETH wallets used by malefactors), over the Q2 2018, cybercriminals exploiting ICOs managed to make $2,329,317 (end-of-July-2018 exchange rate), traditional phishing not included.”

One of the reasons for the scams related to Ethereum is the growth…

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