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0xscope and The Rise of Scams in The World of Cryptocurrency

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0xscope and The Rise of Scams in The World of Cryptocurrency

On March 16th, the Web3 Knowledge Map Protocol 0xscope tweeted that someone (the address beginning with 0x2A) sent a message to a Euler hacker stating that all of his savings (78 ETHs) were in Euler Finance, requesting the attacker to return 90% or 80% of them, and then the attacker sent him 100 ETHs. Currently, other addresses have emulated the behavior of the 0x2A address.

Euler hackers sent 100 ETHs to a user after receiving a request on the chain

Analysis based on this information:


The rise of cryptocurrency in the digital world has certainly changed the way we do business, and it has also opened the possibility of scams targeted towards the public. On March 16th, the Web3 Knowledge Map Protocol 0xscope tweeted that a message was sent by an address beginning with 0x2A to a Euler hacker, stating that all of his savings of 78 ETHs were in Euler Finance. This message then requested the hacker return 90% or 80% of his savings. To everyone’s surprise, the attacker sent him 100 ETHs. It is also alarming to learn that other addresses have emulated the same behavior.

This incident exposes the fact that scams are becoming a major issue in the world of cryptocurrency, especially in DeFi protocols. It is a commonly known fact that scam artists tend to exploit new users of the platform who are not well-versed with the intricacies of the technology. Scammers typically trick users into providing sensitive information, compromising their wallets and transferring their assets to their own wallets.

The scammer behind the attack on Euler Finance apparently succeeded in duping the victim by persuading him to disclose sensitive information. It is also speculated that the scammer could have possibly gained access to the victim’s account in Euler Finance, which allowed him to launder the 78 ETHs. As a result of this, the scammer was able to profit from the innocent victim and attracted others to emulate his behavior.

The incident serves as a wake-up call to investors who need to be extra vigilant when investing in DeFi protocols. Investors are advised to perform a thorough investigation before investing their assets and to not fall prey to quick money making schemes. Transactions should also be monitored regularly, and it’s crucial to add an extra layer of security by enabling 2FA authentication.

In conclusion, the Euler Finance scam is a stark reminder of how easily newcomers in the world of cryptocurrency can fall victim to scammers. This tweet by Web3 Knowledge Map Protocol 0xscope highlights the need for vigilance when investing in new technologies such as blockchain and cryptocurrency.

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