/Why Did Ethereum Classic Cooperative Warn the Public About the Possible Hard Fork Scam? (via Qpute.com)

Why Did Ethereum Classic Cooperative Warn the Public About the Possible Hard Fork Scam? (via Qpute.com)


Recently, an
Ethereum Classic (ETC) group warned the digital asset holder against the
potential hard fork scam. After the altcoin completed the hard work, some scammers
tried exploiting the users.

According to
ETC via Twitter post, they throw out the alleged hard fork scam by calling it
“EAgharta together with the bonafide Agharta hard fork of ETC.

The ETC’s scam alert reads, “Agharta is a complete hard fork scam, probably from the same people who did something very similar at Atlantis. Stay away. ETC Agharta did not result in new ‘Agharta coins.’ They are just trying to scam you.”

Fraudsters
Offer Claiming of Agharta Coins

The ETC is
known for overseeing as well as deploying funds coming from Grayscale
Investments. These funds are used for the Ethereum Classic Network’s
development. Other than that, the organization also supports Ethereum’s
ecosystem and any other related applications.

Two days ago,
ETC successfully activated its Agharta hard work in improving its
interoperability together with the changes in its protocol. This event is
suspected to spurred the harmful actors behind EAgharta, which attempts to
exploit in the Agharta coins.

The organization emphasizes that Agharta wasn’t a contentious hard fork. In short, there why no new coins created. So fraudsters are just trying to scam many traders by offering to claim Agharta coins in exchange for money.

To warn the
public, ETC posted a screenshot which has the Twitter handle of EAgharta. The
said screenshot comes with the solicitations of scammers to the users stating, “safely claim Ethereum Classic #Agharta (ETC Hard Fork).”

Speaking of
hack and scams, if you’ll remember, Deloitte, which is a global accounting
company, revealed that cryptos are vulnerable to quantum attacks. As a
secondary level of computing, quantum computing can pose a number of threats to
cryptocurrencies as well as blockchain technology.

ETC Clarifies That It Does Not Hold the Keys of Users on Their Behalf

In 2016, the
name of Ethereum Classic was derived from the Ethereum Network’s contentious
hard fork following the DAO scandal. As for the term “Classic,” it refers to
the idea of an altcoin is running on the blockchain’s primary version before
the introduction of the fork as well as added to the crypto’s name.

Many scammers
were attracted to hide behind EAgharta with an aim to exploit hard forking as
well as sell the allegedly fraudulent Agharta coins.

However, ETC
made a move to let the public be aware of the hard form scam, especially that
no new token was created as part of the hard fork of the network.

The
organization clarifies that it doesn’t hold the keys of the users on their
behalf by stating, “We cannot access accounts, recover keys, reset
passwords, nor reverse transactions. Protect your keys and always check that
you are on the correct URL.”

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