Get yourself a crypto tee or surprise a crypto enthusiast in your life with our festive Coin Bureau Merch!
My Ether Wallet FUD Story
3 min read

MyEtherWallet Not Compromised, But EthereumBLUE Alleges So

By Editorial Team

In perhaps the clearest bout of FUD (“fear, uncertainty, doubt”) the cryptoverse has seen in 2018, popular Ethereum wallet MyEtherWallet was just blindsided by competitor EthereumBLUE.

The latter accused the former from becoming acutely compromised in a DNS attack, but a top MyEtherWallet (MEW) employee has since confirmed that no such compromise has occurred.

Is this a clear case of bad blood, or did EthereumBLUE legitimately think something was wrong? Let’s see if we can get to the bottom of it.

EthereumBLUE makes allegation, MEW responds promptly

The episode began as EthereumBLUE — which bills itself as a static analysis hub in the space — fired off a tweetstorm claiming they had conclusive proof that MyEtherWallet had been compromised.

And, as you can imagine, panic quickly spread through social media, as MEW is by far one of the most used wallets in the entire crypto ecosystem.

MyEtherWallet

EthereumBLUE fires off on MEW – Image via Imgur

The problem? This “compromise” narrative fell apart rapidly as the MEW team immediately assuaged concerns on Reddit:

“I’m Wietze from MyEtherWallet. We are currently not aware of any compromises regarding MyEtherWallet and are investigating the claims by EthereumBlue. You can (and should!) always run MyEtherWallet offline, locally. Please find our guide on it here.”

But things kept taking a turn for the stranger. That’s because the official EthereumBLUE Twitter handle tweeted out a link to a phishing site copy of MEW. We’ve attached a shot of the tweet below to 1) prove the tweet happened in case of deletion, 2) prevent our readers from clicking on the malicious link.

MyEtherWallet

A link to a phishing site! – Image via Twitter

How do we know the link above is a scam site? Look closely at the word “wallet” in the tweet above. The second “l” is slightly shorter than the first “l.” Why? To hide the fact that this link forwards users to “MyEtherWallet.Bid,” a phishing site that has and will steal crypto users funds.

So what’s going on here? EthereumBLUE was, after all, the first group to identify and sound the alarm on the recent EtherDelta exchange compromise.

Did they just get this one wrong, or is their now disproven blitz against MEW something more? Unfortunately, the latter might be the case. The bad blood seems strong here …

https://twitter.com/EthereumBlue/status/950644911061262336?ref_src=twcamp%5Eshare%7Ctwsrc%5Em5%7Ctwgr%5Eemail%7Ctwcon%5E7046%7Ctwterm%5E1

But, even if BLUE didn’t have malice in their hearts, it’s incredibly unprofessional to “pull the trigger” on such allegations and raise such a massive fuss without having been 100 percent certain they were correct.

EthereumBLUE did the space a great service with the EtherDelta hack. But this episode is likely going to make the road ahead choppy for the foreseeable future, if nothing else then in the relationship (or lack thereof) between MEW and BLUE.

What’s this story mean for everyone else?

Practice OpSec (Operational security), folks.

Always make sure that official websites are https-connected with ssl details in the browser. Double and triple check links before clicking on them. See if other users on social media have already sounded the alarm on something. Your financial future is very much at stake.

Featured Image via Fotolia

Editors at large. Posting the latest news, reviews and analysis to hit the blockchain.
View all posts by Editorial Team -> Best Crypto Deals ->

Related Posts

FTX Exchange
Withdrawals not Halted at FTX: Instead Binance will Buy FTX
FTX Exchange

Withdrawals not Halted at FTX: Instead Binance will Buy FTX

November 9th, 2022 3 min read
OKX invests in WAX
OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX
OKX invests in WAX

OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX

June 3, 2022 2 min read
Binance partners with the weekend
Binance Partners with The Weekend to Provide First-Ever Web 3 Enhanced World Tour
Binance partners with the weekend

Binance Partners with The Weekend to Provide First-Ever Web 3 Enhanced World Tour

June 3, 2022 2 min read
21Shares Releases Sixth State of Crypto Report
21Shares Releases Sixth State of Crypto Report: Summary
21Shares Releases Sixth State of Crypto Report

21Shares Releases Sixth State of Crypto Report: Summary

June 2, 2022 3 min read
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand

Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand

June 2, 2022 2 min read
Regulators are “Not Allowing” Banks to Engage with Crypto
Bank of America CEO: Regulators are “Not Allowing” Banks to Engage with Crypto
Regulators are “Not Allowing” Banks to Engage with Crypto

Bank of America CEO: Regulators are “Not Allowing” Banks to Engage with Crypto

June 1, 2022 2 min read
US Conference of Mayors Introduces Blockchain Resolution
US Conference of Mayors Introduces Blockchain Resolution
US Conference of Mayors Introduces Blockchain Resolution

US Conference of Mayors Introduces Blockchain Resolution

June 1, 2022 2 min read