MyEtherWallet Customers Lose Funds to DNS Hack –

MyEtherWallet Users Lose Funds to DNS Hack -

MyEtherWallet (MEW) has reportedly been the sufferer of a DNS hack on a day when Google seems to be having some points. Social media and on-line crypto boards are awash with experiences that reveal funds have been stolen from the pockets of some customers. Different customers who might need logged into the service throughout the interval of the hack could have additionally been compromised.

Customers Report Stolen Funds

A MEW consumer broke the information on Reddit saying that zero.09 ETH (about $65) had been stolen from his/her account. The consumer had apparently fallen sufferer to a phishing rip-off primarily based on a DNS exploit. The affected consumer additionally reported that upon visiting the location, the notification appeared that the linked was not secured. That is an anomaly for a service like MEW and a sign that every one was not nicely. The consumer ignored the warning, entered his/her particulars and in 10 seconds, the cash have been stolen.

Picture exhibiting warning message ignored by MEW consumer

MEW isn’t the one Ethereum-based service to have been hacked through a DNS exploit. Etherdelta was additionally hacked in December 2017. Many consultants consider this phenomenon is because of the vulnerability created by the presence of a single level of failure in such providers.

MEW and MyCrypto Verify the Hack

MEW has since confirmed the hack through Twitter. An Ethereum tackle probably linked to the hack has been recognized. The tackle has already been tagged on Etherscan beneath suspicions of being concerned within the hack. In accordance with Etherscan, the tagged tackle performed 180 transactions throughout the hack, stealing 215 ETH ($150,000) within the course of. Feedback on one other Reddit publish declare that MEW has traced the hack to a Russian IP tackle.

MyCrypto, a MEW rival service has additionally confirmed the DNS hack. The platform posted a tweet saying that MEW consumer accounts have been compromised. In what appears may be seen lower than refined schadenfreude, the MyCrypto crew is giving out all the small print of the issue. It is going to be recalled bitter feud between MEW founders is what led to the breakaway of MyCrypto from MEW.