The Ethereum Scam database (EtherScamDB), which records and documents the scams around Ethereum, arrived on Thursday to register 690 active scams, out of a total of 4,237 detected since its inception in 2017 . The addresses specified to receive the funds by the scammers have accumulated up to now more than 8,140 ETH, the equivalent of more than 3.87 million dollars at the current price.

EtherScamDB was created in 2017 to document the different scams linked to Ethereum , and also as a means to try to stop them. Currently the database is managed by the MyCrypto team .

When each of the active scams is examined in detail, EtherScamDB allows access to the respective website. It is also possible to visualize in Etherscan the transactions of the receiving wallet, or at least those carried out more recently by the person who is carrying out the scam. One of the programmers who analyzed the data through the EtherScamDB APIs, John Backus, published on his Twitter account, @backus , the amount accumulated by the scams so far, which reaches 8,148 ETH.

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By the date of the tweet, it is deduced that more than 200 additional active scams were incorporated in five days.

On the other hand, Brandon Arvanaghi and Bryce Crawford, processed all the transactions of each wallet involved in the scams and, through the use of the Etherscan APIs, obtained information for each scam reported by EtherScamDB: the total scam, the victim most affected and the most recent victim.

The interactive report by Arvanaghi and Crawford shows, for example, that the most affected victim lost 880 ETH, and the most successful swindler (OmniseGO.com) cheated 3,291 ETH. Assuming that two other scammers identified as OmiseGO.net (1,731 ETH) and omisegotoken.com (1,694 ETH), are associated with the most successful swindler, then the booty of the group rises to 6,718 ETH, 82% of the total conned

The fraudsters' favorite resource, a website where the deceitful offer appears, is promoted through social networks, predominantly with ads on Twitter, after Facebook and Google began to restrict advertising related to cryptocurrencies. Phishing is also used, a technique that uses social engineering in email messages to try to take users to the websites where the deception is made.