Crypto News

PeckShield: a Multimillion-dollar Commission Ethereum was sent a financial pyramid

According to the Chinese research company Peckshield, the South Korean cryptocurrency platform called Good Cycle could become a victim of the hacker who recently posted two transactions in the network Ethereum with commissions totaling $5.2 million This platform is likely to be a pyramid scheme and is trying to cover a break-in. About it reports 8btc.

Earlier Peckshield put forward the theory that the cause of these enormous commissions may be the “blackmail” of a hacker. As part of the ongoing investigation into the incident, analysts were able to determine the owner’s address.

It turns out that this small p2p platform called Good Cycle that operates in South Korea. According to the web site of Good Cycle, c since the launch of the platform (may 25) it has already registered 6 151 users. The report says that this platform in a short time managed to become quite popular, mainly due to high profits is with a minimum initial investment of $100. The researchers also draw attention to the poor technical implementation of the platform, which uses the HTTP Protocol instead of HTTPS.

Analysts believe that the organizers of the scheme decided to pretend that nothing had happened to continue its activities and to obtain more funds from gullible users.

Analysts also assume that transactions with high Commission could be an unintentional mistake by an incompetent developer platform.

Peckshield gave information about Good Cycle South Korean police.

As the owner of the address has not appealed to mining pools, who received a Commission for 10 668 ETH Ethermine and Spark Pool decided to distribute the funds among the miners.


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