New Ethereum Scam Exploits RPC Functionality

IconCrypto News Terminal26 Apr, 2024

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New Ethereum Scam Exploits RPC Functionality

Blockchain security firm SlowMist has detected a new type of cryptocurrency scam that exploits the Remote Procedure Call (RPC) functionality of Ethereum (ETH) nodes. Cointelegraph reports that the attackers send a small amount of USDT and ETH to the victim's imToken wallet to gain trust. They then trick the victim into switching to a node controlled by the attacker, enabling them to steal funds. Similar scams have also been seen on Telegram Previously on 26 April 2024 - "Blockchain security firm SlowMist has detected a new type of cryptocurrency scam that exploits the Remote Procedure Call (RPC) functionality of Ethereum (ETH) nodes, Cointelegraph reports. The attackers reportedly send a small amount of USDT and ETH to the victim’s imToken wallet to gain trust and then trick the victim into switching to a node controlled by the attacker, enabling them to steal funds. The outlet also notes that similar scams have been seen on Telegram."

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