Fraudsters collect ETH, hiding behind the name of Vitalik Buterin

  • Vitaly Buterin became "a hero" fraudulent scheme

  • Fraudsters ask you to pay 50 ETH to get … ETH

  • Scammers have not changed tactics for a month

Fraudsters collect ETH, hiding behind the name of Vitalik Buterin

International consortium of news organizations developing transparency standards.

Another case of fraud using the names of famous people is gaining traction on Twitter. Several dozen fake accounts at once published an announcement about the “free distribution of ETH”, which was allegedly organized by Vitalik Buterin himself.

Stay home and give ETH

This time, cyber scammers decided to use the name of the co-founder of the Ethereum blockchain Vitalik Buterin to lure coins away from gullible users. To organize a criminal scheme, the swindlers created an open petition, which says that Buterin personally allocated 100,000 ETH for free distribution.

“To take part in the draw, all you have to do is send from 1 ETH to 50 ETH to your account,” reads the petition, which looks clearly fraudulent..

And in order to strengthen the trust of potential victims, the scammers launched a number of fake posts in which Vitalik Buterin himself is holding a piece of paper announcing the free distribution of ETH.

The scammers also reported that users can transfer coins from any exchange or wallet. In addition, US citizens can take part in the distribution, which raises additional questions and suspicions, since the regulation of cryptocurrencies in this country is quite strict.

“Note: you can use any EXCHANGE or WALLET in this event. Anyone with an ETH wallet is eligible to participate, including in the United States. Good luck and congratulations to those who took part and received their ETH ”, – said in the message.

Nothing original

Fraudsters who siphon money from gullible users do not even come up with new technologies, but create schemes like a blueprint. In early October, BeInCrypto reported that a similar statement about the “free” distribution of bitcoins was published on behalf of Elon Musk..

Such a statement immediately aroused suspicion among users, so many of them went to a page with an announcement, which says that Elon Musk is distributing bitcoins and ETH. The message says that any registered user can get bitcoin or ether by leaving their address. And at the same time, anyone who sends 5 BTC or 50 ETH to the Mask company can participate in the competition with the main prize Tesla Model S.

Twitter and were also used to spread fake information.

Vitalik Buterin on Organized Crime & the Future of Crypto – Eric Weinstein

This may indicate that the same criminal group is behind the organization of these fraudulent schemes. However, neither the Twitter management nor the administration has any influence on fraudsters, allowing them to spread false information and conduct fraudulent fees..


All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

By admin