NEW SCAM ALERT: If You Get a Memo From Blocktrades Promising Upvotes, Ignore It!
View this post on Hive: NEW SCAM ALERT: If You Get a Memo From Blocktrades Promising Upvotes, Ignore It!
View this post on Hive: NEW SCAM ALERT: If You Get a Memo From Blocktrades Promising Upvotes, Ignore It!
Blocktrades is an automated exchange service.
If I want to convert my steem into SBD, for example, I choose 'Buy' (next to my steem balance in my wallet tab.)
This will open a new tab, where I can set myself as the recipient, and click 'Get deposit address', which will generate a memo to let blocktrades identify the intended recipient (myself).
If I convince you to send Steem to @blocktrades, using that memo, the resulting SBD will be delivered to me and you'll get nothing.
I wonder if Blocktrades has implemented a fix for this? It would be difficult to think of something, of course obviously maybe Block or blacklist those user but that won't fix the big problem problem. We need to add yet ANOTHER Red Warning label now on the Wallet History OR maybe autofilter messages like this out somehow or force users to click a button to reveal potential spam like this? I hate to say it but a full time Person might need to be in charge of simply auto blocking suspicious wallet spam as they come... blocking it in th Front End of steemit no on the chain fo course.. but just hiding that data on steemits front end when people go into the wallet, we gotta hide al this dangerous spam! a wallet memo from official Blocktrades like that is VERY convincing to the untrained eye! it's a shame because a lot of people will probobly fall for this for small amounts they just sent to blocktrades, and theyll get back this message assuming it must have something to do with thi previous transaction, very very sad, thre is a way Blocktrades can DEFINITELY stop these sorts of messages ... it's an obvious solution and no need on elaborating here, because i am ure the Blocktrades people are 100% competent enough to know exactly how to stop a fucking spam message from being blasted out over their own system ,it wil be easy to stop honestly but yeah overall when u consider all the rest of the wallet spam it is a huge problem which may need auto filter spam blocking protection as an option maybe i dunno
It's early days. (These are the reasons we beta test)
Scumbag found an exploit, had a crack, made a few dollars for his efforts, and gave @blocktrades an opportunity to address it before it became an issue for millions of customers, a few years down the track.
I'd call this whole thing a win :)
Or, as this is a decentralized platform, instill in people a realization that they should look into something before sending their money. I mean, if I received this notice I would just ignore it. Just as I do for all of the other scammy messages I get.
What this tells everyone is... Do your homework before handing your money to someone. Crypto is like cash, if you give it away there is no take backs.
Thank you for the warning.
Dis you checkout my witness profile? I really hope that you consider to vote for me.. sorry for asking but this seems the only way for now as beginning witness
Thank you @stellabelle for bringing this up. I can't fathom why someone will want to that in this community.The only consolation is we still have role models like you on Steemit.
Goodness there's a lot of scams on steemit lately. is the increase in scams new or is this just business as usual in steemit?
It is a thing that comes with anonymity. Bitcoin has it harder as in steem some scams can be prevented by us users and we can educate our users at least to some degree.
Well done unearthing this one, @reggaemuffin. Top effort. Following.
If the memo comes from that account, how is @blocktrades not scamming?
What am I missing?
Blocktrades is an exchange service.
If I want to convert my steem into SBD, for example, I choose 'Buy' next to my steem balance in my wallet tab.
This will open a new tab, where I can set myself as the recipient, and click 'Get deposit address', which will generate a memo to let blocktrades identify the intended recipient (myself).
If I convince you to send Steem to @blocktrades, using that memo, the resulting SBD will be delivered to me.
Thank you for explaining :) That is exactly what happens.
@blocktrades does not need to scam. It is users using the service who do.
Nice catch dude.
Why a user who is using @blocktrades service want to scam money for blocktrades? why not for himself or herself?
I guess I'm just dense. Still do not grok. I get that someone could generate an address that would send Steem or SBD to @x but do not understand how @x could send a memo that appeared to come from @blocktrades
I would start by sending an insignificant amount to you with a memo that designates me as the recipient of a different, new transaction, via blocktrades, so it looks like blocktrades is initiating a conversation with you.
It says 'blocktrades' in your wallet because that's the exchange service which delivered my bait transaction, with the memo hook.
Thanks for posting this, @stellabelle. Upvoted, resteemed and am now following you.. Saw this article because @timcliff resteemed it. Cheers!
I ignore all solicitations for upvotes anyway.
good post
So many of these popping up lately thank you for keeping on top of it and letting the community know.
This is a good catch. I'm sure a lot of people would have fallen for it.