better warn the public then , looks very convincing. send a website contact post to sundae from their website with this link. maybe move this over to the scam section
This has been going on for over a year (and cannot really be stopped completely on a permissionless blockchain). There are hundreds of these tokens by now. Look, for example, at all tokens marked “SCAM” in https://pool.pm/$burnit. Warning about all of them individually is not really feasible.
I think that’s actually a massive problem for public adoption. I’m an IT consultant for over 26 years, and if i only am aware in the last step before a transaction is made, I’m sure that tons of people wont even think about it, and they don’t know how to read a transaction. Also you have several signings after each other sometimes (stake, gov, rewards) so it really becomes like kind of a bundle of things people click through to just get it done.
There is no way you can sell to the general public that all of their funds will be gone, just because they didn’t read everyhting in detail… And the fact they can send spam coins to you enticing people to go to scam websites is for me a massive problem.
Your granny is already struggling to use a normal bank payment and a debit card, let alone that they would need to understand a crypto transaction hashes flow. It just way to complicated.
And as nerds we have been saying , oh you signed it, or you lost your key phrases. this is crypto, your fault… better luck next time. this is simply unacceptable for the general public. A bank at least has a way to revert the transaction, and be accountable for someone hacking your account.
We really need to start adressing this. and reading that article you send and how easy it is to target wallets with scam coins phishing for people to be scammed is simply unacceptable…
Can we see how many funds are scammed by using this type of attack ?
I alo see a wallet with 95% of those coins in it , so it’s probably the originating wallet. Can we take that down ?
Cardano really need to take the lead in protecting its funds for the lesser technical inclined, to go anywhere far in the world. that’s much more important then selling to some country in africa.
for a normal person it’s a minefield to use crypto today.
Might be. Personally for me, it’s one of the reasons I don’t believe in mass adoption or that it would even be a good idea. A lot of people are much better served by just buying an ETF from their traditional bank. Period. I won’t talk people I like into crypto.
That is a problem. You can’t start using crypto – “being your own bank” – without investing the time and effort to learn about what you’re doing there.
Might be that what is unacceptable to you there, is cryptocurrency itself.
Not really. They used a lot of different addresses over time.
Nope. That’s not how it works. That is most probably one of the burn wallets where people send the scam tokens they don’t want to have in their wallet anymore.
And even if it were, that’s not how cryptocurrencies work. It is one of the fundamental beliefs that there should not be anyone with the power to “take someone else down”. It’s permissionless. We even just wrote in the constitution that everyone – and that includes scammers because there should be no entity with the power to decide who is a scammer or not – has the right to use the chain unhindered.
The only place where you can try to protect people is in the wallet apps. Some try to do that. Eternl marks the scam tokens it knows and warns before connecting to a dApp that seems to impersonate another well-known app.
But those mechanisms will always have some holes, scamming schemes that are not known up to now and dApps that are subtle enough to not get noticed.
reading a transaction is simply to complicated for the humand mind , hepta. nobody can check a hash fully of 200+ characters to make sure it’s the right addres, and the right reward etc… and then do that 6-7 times in one transaction…
just like we invented DNS to make people more easily remember URL’s , cause nobody can remember a list of ip adresses in there mind. Crypto needs to get out of the nerd mindset.