Token Scam Overloads Ethereum Network, Affecting Other Resources

MGC Airdrop that took place over the last 2 months was a form of data-stealing.

Sara K August 28, 2019

Less than a minute

Tether, Inc. has moved coins to the Ethereum network. The Ethereum network clogged. The USDT smart contract is presently taking up 31.55% of all Ethereum gas. EthGasStation team concluded reason as More Gold Token, an airdrop that took over the network in the past two months was a potential scam.

MGC is an unknown and unlisted digital asset, the airdrop was a form of drawing in wallet owners. The users had to share the wallet’s private keys to activate the wallet. It was a direct invitation to steal the assets. MGC has also targeted the Asian market as of now.

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.