It is well known that during a panicked state, high brain function stops and we are more vulnerable to scams. The current market dips definitely have an emotional toll and scammers are exploiting its. Scammers are using our weakened states to trick us into accidentally revealing our ethereum wallets and other logins. The most common form of the scam is the usage of fake websites, known as phishing attacks. These websites are malicious and will attempt to steal the keys to your wallet and take ALL of your hard earned crypto currency. For example:
This is a screenshot of a scam trying to disguise a fake website as MyEtherWallet. MyEtherWallet.com is safe, but the thieves managed to make an exact clone. The clone looks EXACTLY the same, but with one key difference, if you input your key and password, it will send that to thief and they will gain complete access to your account.
Beware of the familiar
Many of these attempts use familiar sounding names and use exact replicas of websites. This is why people fall for them EVEN though they have been warned or are vigiliant. Sometimes we are distracted and accidentally click on it, then go through the mechanical motion of logging in with our private key.
“PLEASE NOTE: These links do NOT take you to MyEtherWallet. If you hover over the link it will redirect you to: “myetherwallet.ch, .tech, .com.de, etc.” Basically anything other than the official site!”
Whilst has been warned many times, it takes one time of dropping our guard before getting caught. Many emails are innocent and disguise themselves as warnings or informational articles.