Taking advantage of the hotness of The Merge, impersonation scammers have used social media to prey on unwary users against Ethereum Merge.
Scammers have stepped up their efforts to steal money from customers in the hours leading up to The Ethereum Merge. Investors don’t need to do anything with their ETH for The Merge and shouldn’t connect with phony accounts or click on any dubious links.
PeckShield has warned users not to click on phishing links. Many websites have popped up, targeting unwary users, and PeckShield has warned users of the websites and scams. The security company has also cautioned users not to fall for these phishing attempts.
One of the most prevalent scams, which has been around for a while, includes con artists pretending to be Vitalik Buterin and disseminating links under the pretense of offering free ETH. These links trick people into granting access to their cryptocurrency wallets.
They even go to the trouble of utilizing Buterin’s picture as the profile picture, despite the fact that the names on the Twitter handle are different. Users are encouraged to ignore other accounts as Buterin only has one account on Twitter, @VitalikButerin. The co-founder of Ethereum has often said that there are no freebies and urged users to avoid falling for con artists.
First and foremost, users are advised not to click spam links that are presented by the phishing accounts. As always, they should not share private keys with anyone. They may also receive messages from fake accounts on social media and other communication channels, and should simply ignore them.
Ethereum Merge requires ETH holders to do nothing. The Ethereum documentation on the Merge explicitly states that users do not need to do anything to their funds as it takes place.
So far, none of the activities building up to The Merge have encountered any problems. The Bellatrix upgrade, the first of The Merge’s two stages, happened on September 6. The network simply has to reach a total terminal difficulty of 58750000000000000000000 now. For The Merge, which is approaching in less than an hour as of the time of publication, even Google has a countdown meter.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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