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CertiK Detects Fake Label on Etherscan: What Happened and How to Stay Safe

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According to reports, CertiK has detected that it has been labeled as Fake by Etherscan_ Phishing156043 transfers to 496.7ETH from EOA address 0x97b to EOA address (0x122). Current

CertiK Detects Fake Label on Etherscan: What Happened and How to Stay Safe

According to reports, CertiK has detected that it has been labeled as Fake by Etherscan_ Phishing156043 transfers to 496.7ETH from EOA address 0x97b to EOA address (0x122). Currently, the EOA address (0x122) has deposited 150ETH ($280000) into TornadoCash.

Fake_ Phishing156043 address EOA address (0x122) transferred to 496.7ETH

In the world of blockchain and cryptocurrency, security is a top concern. Unfortunately, even with advanced security measures in place, cybercriminals can still find ways to steal funds and harm users. This was the case with the recent phishing scam that affected Etherscan and TornadoCash.

What Happened?

According to reports, CertiK, a leading blockchain security company, detected that a phishing attack had taken place. This attack involved the transfer of 156043, a token, to an EOA address (0x122). This address was later labeled as “fake” by Etherscan, one of the top ledger explorers for Ethereum.
The 156043 tokens that were transferred were then converted into 496.7 ETH, a total value equivalent to over $1 million USD. The EOA address (0x122) then deposited 150 ETH, around $280,000 USD, into TornadoCash, a privacy-focused smart contract on Ethereum.

How Did CertiK Detect the Phishing Scam?

CertiK is known for its advanced blockchain security technology, and it was this technology that allowed them to detect the phishing scam. Their team analyzed the transfer history of 156043 tokens and discovered that the transfer was made from a single account with zero history.
They also found that this account was created right before the transfer and that it had no other incoming transactions. These findings indicated that the account was created for the sole purpose of executing the phishing scam.

How to Stay Safe from Phishing Scams?

Phishing scams are a common occurrence in the blockchain and cryptocurrency world, and it’s important to take steps to protect yourself. Here are some tips to stay safe:

1. Double-check Everything

Always double-check the URLs of websites and make sure they are legitimate. Also, be wary of clicking on links in emails or social media messages.

2. Use Two-Factor Authentication

Two-factor authentication adds an extra layer of security to your accounts. This feature requires you to enter a code that is sent to your phone or email, in addition to your password.

3. Keep Your Private Key Safe

Your private key is like the key to your bank account. Keep it safe and never share it with anyone. You should also consider storing it offline or on a hardware wallet for added security.

Conclusion

The recent phishing attack on Etherscan and TornadoCash serves as a reminder that cybercriminals are always looking for ways to steal cryptocurrency. Fortunately, companies like CertiK are working hard to detect and prevent these attacks.
Remember to always stay vigilant and take steps to protect yourself from phishing scams. Use two-factor authentication, keep your private key safe and always double-check everything. By following these tips, you can help keep your cryptocurrency safe and secure.

FAQs

Q: What is CertiK and what do they do?
A: CertiK is a blockchain security company that provides advanced security solutions for blockchain and cryptocurrency users.
Q: What is Etherscan?
A: Etherscan is one of the leading blockchain explorers for Ethereum, providing users with detailed information on transactions and token transfers.
Q: What is TornadoCash?
A: TornadoCash is a privacy-focused smart contract on Ethereum that allows users to make private transactions.

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