Ethereum Classic Vision (ETCV) are reportedly hijacking users private keys trying to redeem their allegedly forked coins.
The Ethereum Classic Vision (ETCV) has been confirmed as scam after one victim confirmed the loss of 131 ETH on Reddit, while both of their websites, https://ethereumcv.io and https://etcv-wallet.com have also been deactivated.
Previously, the Guarda Wallet team reported their suspicion on the ETCV project that claimed to be the first fork on the Ethereum network scheduled to happen on January 11th.
The report stated that two fake hard forks called Ethereum Nowa and Ethereum Classic Vision that aim at stealing users’ funds. Ethereum Nowa claims to be an Ethereum hard fork while Ethereum Classic Vision claims to be forking from Ethereum Classic.
They both ask users to provide them with their private keys. Those users that are not aware could certainly lose their funds if they give their private keys. Both Firefox and MetaMask were able to detect these fraudulent sites.
The Guarda Wallet team wrote that analyzing the code, they found out that the private key is not only being processed by the tool but also being sent to a remote server. According to the Guarda report, Ethereum Nowa “is a way for the thieves to get your private information and gain access to your wallet.”
Using many alleged fake Twitter accounts that have many followers, they promoted that anyone who joins will receive 3 tokens of ETCV for every 1 ETH.
Guarda explains that the Ethereum Classic Vision page looked more solid. However, once they’ve analyzed the page, the piece of code provided sneds your private key data to the Ethereum Classic Vision servers and masks it as an API token.
However, it seems like ETCV still successfully made people fall into their trap, despite the many noticeable red flags.
A Reddit user, Chris Brearly said, “The website https://ethereumcv.io/ looks legit and even has a roadmap and white paper. They direct you to their online wallet https://etcv-wallet.com/ to claim/view your ETVC coins where they steal your private keys and move your Eth on.