Daily: MyEtherWallet Hacked? China Mining Ban

in #bitcoin6 years ago

Reports that MyEtherWallet.com has been attacked on a DNS level. Will the China Mining Ban impact Cryptocurrency markets?
1:06 Market Analysis
4:39 China To 'Shut Down Three-Quarters Of The World's Bitcoin Mining Network'
7:33 MyEtherWallet “Hacked”?
10:31 Telegram $500 Mln Pre-ICO Aims To Be Largest Ever
11:23 Harvard Professors Predict Bitcoin Collapse Due to Government Regulation

https://forums.boxmining.com/threads/jan-9-2018-daily-news.632/

DNS poisoning https://www.howtogeek.com/161808/htg-explains-what-is-dns-cache-poisoning/

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Fake news or not---being influenced into hardware wallets &/or paper wallets--is a GOOD THING. Paper wallets generated under strict safety protocols are probably more secure than anything. They do not require a proprietary device to access your funds. It would truly suck to have to hunt down a specific device in difficult times to be able to have access to funds. Another thing to consider---what if Nano & or Trezor went out of business. The devices themselves would then become a high store of value to the community that depends upon them.

MyEtherWallet is trash, always getting hacked. Always people loosing their tokens, we need a better option.

It is not MEW itself.
When users are aware and able to detect potential attacks it is safe :)

that too...

Tijo at Arcane Bear just had an interview with David Siegal of 2030/Pillar Project. The Pillar wallet is being set up to (also) store ERC-20 tokens and would give on option other than MEW.

Tread lightly my friends

I never really liked myetherwallet or the idea of generating a wallet via a browser. I guess you can still download the source and do it yourself if you're really worried but I think a Trezor or a ledger is more sensible. OH and screw those Harvard professional government stooges.

How do you know if those hardware wallets don’t have backdoors?

How do you know someone hasn't installed a camera in your house? short answer is you don't but the firmware is open source. At a certain point you do have to trust, and I trust a hardware wallet over a website any day!

This is why people should use a Ledger Nano S with MEW

DNS Poinsoning attack:

  • DNS (Domain Name Service) translates IP adresses to domains (like myetherwallet.com)
  • When an attacker is able to change the entry in this service your URL seems okay but it is linked to the "malicous" IP.
  • The attacker sets up a phishing Site, which looks like the original one. With this the Keys can get harvested

How to avoid getting scamed

  • Always check the Certificate ! (Left side of your URL bar )

Please be aware to phishing attacks and stay safe !

Guys we were not hacked, this rumor is fake" something really straight forward. This rumor did spread rather quickly and you may still get a lot of questions.

Whoa!! Lots of drama surrounding the crypto world

bitcoin is a very essential....its a very important for outsourcing.now it is a very essential for......thanks for sharing

More fake rumors

it is a good news..
thanks for sharing

Anything can happen in crypto the drama, FUD, scams. this is the wild wild west and in the future we will see a lot.

@boxmining I'm not sure how MEW can evne be hacked - after all it is not an exchange and is only an interface for anybody to generate addresses and receive private keys for tokens they hold on the Ethereum Blockchain, isnt it?

Hey Michael, thanks! With a world of resources online to get our crypto news from, I choose to follow several people. When it comes to being unbiased, consistent and reliable, you’re winning! Thank you, sir.

Great News that the hack was fake...