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[Updated] Potential Issue Reported - Ethereum Chamber Wallet

By

Jeremy

Nation

WriterETHNews.com

The Ethereum Chamber is allegedly copying private wallet keys from users to its database.

UPDATE at 3:51pm PST

Ethereum Chamber’s website no longer provides wallet services, but instead displays the Juicy J “Blue Bentley” rap video.


UPDATE at 3:28pm PST

When asked by ETHNews to respond to the allegation of stealing private keys, Ethereum Chamber replied:

Theft is illegal. We don't condone illegal activities.
Lol


UPDATE at 2:42pm PST

Taylor Monahan from MyEtherWallet told ETHNews:

"No one should trust a website with their private keys, ever. We have worked hard for almost two years to gain the trust of the community, and will continue to be an open-source and trustworthy site. However, we urge you to get a Ledger Nano S or TREZOR hardware wallet (both are now less than 0.5 ETH & compatible with http://MyEtherWallet.com ), or learn how to use MyEtherWallet in an offline environment (https://myetherwallet.groovehq.com/knowledge_base/topics/how-do-i-run-myetherwallet-dot-com-offline-slash-locally …).

This ensures your private keys are never on an internet-connected device. As the price rises, more and more lazy scammers will attempt to take your funds. Phishers, untrustworthy sites, malware, remote access software -- the list goes on and on. Please be cautious, aware, and take steps to secure your private keys."

ETHNews reached out to Ethereum Chamber for a comment and have yet to receive a response.


Original post at 2:06pm PST

MyEtherWallet has tweeted a warning to users not to use the Ethereum Chamber under allegations of stolen wallet keys.

⚠ CONFIRMED: Ethereum Chamber is stealing your private keys. ⚠
DO NOT USE.
😡 #FuckingCointelegraph  @Cointelegraph pic.twitter.com/JJf5EzhtT2

— MyEtherWallet.com (@myetherwallet) June 5, 2017

The Ethereum Chamber paid to have press releases pushed through various news organizations advertising its Ethereum compatible wallet. However, sources tell ETHNews that after analyzing the code, they have determined the site where users can generate wallets is stealing the keys that safeguard wallets from unwanted malicious activity. Users who open wallets on the site may unwittingly be turning over their assets to scammers.

Users are warned to refrain from creating wallets on the purportedly fraudulent site.

ETHNews will continue to cover this story as it develops and provide updates.

Jeremy Nation

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine. He is a full time staff writer for ETHNews and holds value in Ether.

ETHNews is commited to its Editorial Policy

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