EOS Hack May Result In Millions Of Investors Getting Scammed Out Of Tokens

Blockchain, Crime, Investing, News | June 1, 2018 By:

An internal system of Block-one, the parent company behind the groundbreaking EOS initial coin offering (ICO) has been breached, and investors may have lost millions. The ruse was first reported by Fortune magazine.

The EOS ICO concludes this evening, on track to raise more than $4 billion, or more than double the previous record-holder. But scam artists have invoked an old trick, sending out an email that spoofs the EOS website. All you have to do is send them your private key and a portion of the remaining EOS tokens will purportedly be sent your way.

The key is the web site that the unwary are being directed toward – the scam site is eos.com. The real site is eos.io. So anyone putting their private key into the bad site will soon find their account drained.

As if that weren’t bad enough, the hackers managed to breach the Block.one email system operated by Zendesk. They then managed to respond to inquiries and send people to the scam site.