Recently, a carefully designed fraudulent website appeared on the Internet, which claimed to provide "Ethereum 2.0 PoS mining" service, and some investors have been cheated and began to deposit funds.
In addition to adding some technical elements, this scam is a very simple Ponzi scheme. Fraudsters require Ethereum holders to send funds (quantities ranging from 0.2 ETH to 1024 + ETH) in order to obtain incredibly high returns.
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(This picture shows the amount of funds deposited and the corresponding rate of return)
Fraudsters use almost all PoS terminology. They wrote on the website that the mysterious "PoS mining" is a lifetime investment opportunity:
"Most blockchains that use the PoS algorithm can pledge tokens. But usually you cannot make full use of your funds. The funds you pledge must remain connected for 24 hours. Even a temporary connection error will affect the possibility of making money Sex because of the need to re-queue. "
With their service, you only need to pledge your coins (ie sent to a so-called Ethereum PoS account), and then wait for regular returns. If this is true, then it is more like a form of DPoS, because the fraudster did not mention sharding, slot, epoch, and initial pledge funds (32 ETH), which are all the conditions necessary to run Ethereum 2.0.
In addition to being economically useless, this project also has too many "danger signs".
1. Ethereum 2.0 is not live. All predictions about its launch date are made before the outbreak of the new crown epidemic, so its real launch time may take at least 1 year.
2. At present, there is no staking activity in Ethereum 2.0. The existing Ethereum network only supports the PoW mechanism, and transactions are processed by miners, not stakers.
3. No cryptocurrency can guarantee investors an annual return of 100%. The average annual return of PoS is around 14.5%.
4. This scam misleads users by posting relevant links to the developers of the Ethereum Foundation. For example, the GitHub source code for this scam is actually from Ethereum.org.
5. The fraudster lied that MyEtherWallet's "donated" address belongs to himself, and the balance of this address is 400 ETH.
Unfortunately, these fraudsters require users to "confirm" their URL via email and two-factor authentication, so they may steal large amounts of sensitive data.