Telos Foundation scam website steals EOS
Crypto

Telos Foundation scam website steals EOS

By Alfredo de Candia - 25 Jan 2019

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A scam website has started to circulate on the web these days which is a perfect copy of the original Telos Foundation website, created to steal EOS from victims.

In fact, unless one knows the exact link to the original one, it is impossible to recognise this Telos website from the fake one.

But how did this come about? As it is possible to use the blockchain to send spam messages, it is also possible to use it to send much more, such as links to scam websites.

A user, sendrayeos11, received some EOS tokens allowing him to redeem their Telos through the link provided:

telos scam website eos

The unfortunate user trusted the link and, following it, fell into a trap: by connecting, in fact, he unlocked his account and the hacker could then modify the private keys of the wallet by stealing about 800 EOS.

But one of the advantages of the EOS blockchain is that there is an authority, eCAF, created specifically for these needs.

By checking the case, the EOS team was able to freeze the account and return the funds to the unfortunate person.

Now they will see whether to establish a blacklist with the various accounts that commit fraudulent acts against others, but it is still early to introduce this function because they must wait for the various referendums that have already acted in this regard.

Even the Scatter wallet has updated its wallet blocking the malicious website, as can be seen from the email sent to all its users.

telos scam website eos

Using the EOS block explorer, one can see that among its operations, telos.x has over 1200 pages of 100 operations each and the first attack dates back to January 14th, 2019.

telos scam website eos

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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