Etherscan, has encountered a significant security issue with phishing ads on its platform. These ads pose as legitimate services like a Multichain Yield Optimizer and aim to redirect users to phishing sites to steal personal information and cryptocurrency assets.

With one ad linked to 23 phishing websites, the scale of the scam operation, suspected to be orchestrated by the Angel Drainer phishing group, is considerable. This incident is part of a broader trend affecting platforms, contributing to the nearly $300 million stolen through crypto phishing last year.

https://www.coinfeeds.io/daily/etherscan-hit-by-phishing-scam

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The latest article in the EIPs For Nerds series discusses EIP-7503—a proposal to bring native private transfers to Ethereum and give users an option to conduct transactions anonymously without relying on smart contract-based privacy tools like cryptocurrency mixers (a là Tornado Cash). Want to dive in for a comprehensive discussion of EIP-7503? Here’s a link to the full article on Ethereum 2077: https://ethereum2077.substack.com/p/eip-7503-zero-knowledge-wormholes.

If you need more context, read for a quick(ish) overview of EIP-7503:

EIP-7503: Zero-Knowledge Wormholes enables private transfers on Ethereum by allowing users to burn ETH by sending it to a burn address on-chain and then generate a zero-knowledge proof that redeems the ETH deposit by minting it to another address. EIP-7503 paves way for untraceable transactions—where the sender recipient cannot be reliably identified by an external observer—on Ethereum by breaking the link between senders and recipients involved in a transfer.

And why does this matter? That’s a philosophical question I answer (quite comprehensively, I must add) in the article. But here’s a nice TL;DR for busy people: Financial privacy is important for reasons like buying personal items online without others knowing details, donating to political causes and philanthropic organizations without disclosing sensitive details, and making payments without exposing your financial standing. All are examples of a situation where transacting on a public blockchain, with a transparent record of transactions, can feel icky.

Ethereum is currently not able to offer privacy/anonymity (had a bit of nerdsnipe on why I think privacy and anonymity are two different concepts) as we all know. But EIP-7503 can change this by making Ethereum private by default and providing on-chain privacy for those who need it: regular users (private peer-to-peer transfers), merchants (private on-chain payments), DAOs (private contributor payments), charities/political organizations (private donations), and more.

Importantly, EIP-7503 sidesteps most of the problems that affect contract-layer privacy tools (e.g., Tornado Cash) by minimizing smart contract interactions and using plain EOA-to-EOA transfers and protocol-level minting to facilitate private transfers. Without needing users to explicitly “opt-in” to a privacy protocol, we can provide stronger protection against deanonymization and ensure (honest) users have plausible deniability. Which means the “use Tornado Cash once and your 125 addresses are blacklisted forever” edge-case disappears.

EIP-7503 is definitely an interesting proposal (I had a lot of big nerd energy going on while writing the article), and one of the most effective solutions to a long-standing problem Ethereum has faced: zero privacy for transactions. As usual, every proposal comes with gotchas and potential knock-on effects—which is why the article covers a number of potential drawbacks associated with implementing EIP-7503 (for Ethereum or a rollup like @taikoxyz with plans to support private transfers).

My understanding is that trust wallet supports it, but I don't see how.

I plan on sending ETH over ERC20 from my metamask wallet to a new trust wallet account, but then what do I do?

After a long time, I opened my metamask wallet to withdraw my airdrop tokens. I have to pay gas fees so I deposited 0.0117909 ether. But immediately after the deposit, my ether was transferred to this address: 0x5013A83c6bC71B770Fd6698c6dA1E4700b85b4D7

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I have stored my seed phrase and private key in my pen drive and that is not accessible to anyone also I never shared or typed seed phrase or private key other than metamask wallet. Then how is this possible?

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https://preview.redd.it/q0hfjr8uqerc1.png?width=1426&format=png&auto=webp&s=a5a36c576e1fa8ccecbeb3beff3546435d6795b1

This is my wallet: 0x3A8a307E7D26508E3fB68005C17da37CD98Bf153

I'm a masters student in the final year of my degree. I have blockchain as one of my subject. I need some ether in my account for learning. My professor told me to find some websites which will provide with some ether for sign up or something in order to get some ether just for the sake of performing practicals.

I believe there are plenty of people on here that have onboarded family and friends into crypto

What are the best user friendly, easy to fund wallets you recommend? Preferably available on mobile devices (iOS and Android), no desktop wallets please

Ideally a wallet that you can share with ppl and you will have to provide little to no IT support

Has anyone used this dapp before?

AirDAO announced yesterday’s hacking attack. It is reported that a hacker gained access to LP and depleted the AMB/ETH liquidity pool through a social engineering scam. The scam involved an email with a malicious attachment, AMB/ETH The liquidity pool contains: 35,235,955.153524583073691567 AMB 125.517550394263263045 ETH The wallet also holds approximately 6 million AMB and some ETH used to pay gas fees. In total, hackers stole 41,612,782.10627101 AMB and 126.5 ETH.

AirDAO said the isolated hack only affected wallets holding the AMB/ETH liquidity pool created by AirDAO. AirDAO community funds are safe, the AirDAO blockchain and the AMB held by all community members on exchanges are not affected, and the AirDAO Treasury is held in a multi-signature wallet that requires seven of nine signatures before transactions can be made. If the hacker returns the funds immediately, AirDAO will pay 10% of the white hat hacker fee. If the hackers do not cooperate, enforcement will continue.

Hi. In order to claim an ERC20 airdrop, I need to trigger a smart contract that operates on the Ethereum chain, providing a destination ETH wallet as input. However, all my funds are currently on Binance: I don't have any ETH address loaded to cover the fees. My end goal is to sell these tokens ASAP to fund my Binance account.

The only solution I can think of is to: (1) transfer ETH from Binance to a wallet like MetaMask/Trust, (2) issue the transaction from this wallet with its very address as the destination, (3) wait for the token to be listed on Binance (if ever), (4) transfer the tokens to Binance, and finally, (5) sell them.

Steps (1), (2), and (4) will all incur high fees, totaling around $45 in gas. Is there an alternative method?

Ideally, I could request Binance to cover the fees for step (2) using my Binance balance, and utilize an address controlled by Binance as the destination account to avoid step (4). In such a scenario, Binance (being super smart) could display the tokens in my 'virtual' Binance balance. While I understand that such a feature is unlikely to exist, it seems technically feasible, so perhaps another exchange has implemented it.

TL;DR What is the minimum information I need to store to access my ETH years from now?

Sorry for my confusion, but I have spent a day trying to understand what do I need to store in order to store ETH myself ("cold storage").

The instructions I found so far are confusing, contradictionary and sometimes suspicious. Using a lot of terms never properly explained, and shilling for particular software to be used as the solution to all problems.

Question

What do I hope to receive here? The BitCoin analog of the answer would be "Store the character sequence known as the private key, and preferrably its corresponding public key". But a Ethereum seems far, far more complex.

Background for confusion

With ETH I understand I need to first "create" an account. (Whatever it is, whatever create means - it is in quotes on the official ethereum page after all).

Then I need to install a wallet application to manage that account? Whatever manage means? To run a wallet I perhaps also need to run a node? And there are many different kinds of nodes, like light nodes and full nodes? Do I need to run a node as long as I store ETH? Is my ETH lost or inaccessible if my node is no longer running?

Then I (or the wallet? how?) needs to create a seed phrase (and I need to store it securely). What are these? Are these universal between all ETH wallets? Is this the BTC private key equivalent? The ethereum page hints that some wallets might not use/display these? Will a seed phrase generated by one wallet, will 100% work in any other wallet in the future? I definitely do not want to rely on using the same wallet software/version in the future. What is the difference between a recovery phrase and a seed phrase? (If none, why the separate terms?)

Then I need to somehow get an ETH address. In bitcoin world this would be the public key? Does ETH have a public key and private key as well? Is it also generated from the seed phrase?

Guess that's the beginning of my confusion. I tried to put the terms I am confused about in italics.

I am not interested in running nodes, wallets etc. I just want to transfer my ETH away from an exchange that started charging inactivity fees, and be able to access the ETH some time in the future.

Hi I’m new to cryptocurrency and I’m currently transferring my eth to a metamask wallet. Which would be the most optimal network to hold eth in? Please and thank you.

how much more than the quoted fee do I need in my wallet?

Is it the wallet dev that is inaccurate fee or is it a known thing to have more than the quoted fee?

Anyone know who this guy is? Found it on youtube, but the guy who is the content creator seems to be a middle easterner who took is trying to be him.... can anyone else with expertise comment whether the actual content is worth trying?

https://youtu.be/3z77Nd0x9es?si=6g2x6Vwg19u9-9fo

I have about 5k usdc on ETH mainnet. I want to move this to a L2

I have $40 worth of eth and it's not enough to pay for the gas.

How much does it cost ?

There is a ethereum transaction which I am analyzing. In etherscan there is displayed that a certain method with a methodId was called. Now I am trying to figure out which method in the contract that was. How can I do this? Example on Ethereum Main Chain: Etherscan is telling me that transaction 0x1ac05c0888b6d608cd7cd292d881cb5b37bb13bba3e33f60c582a20a7193bd27 called method 0x0162e2d0. What is meant by this? Which function was actually called and how do i figure this out myself?

Thanks a lot in advance! :)

How much extra do I need to have in my wallet to cover an amount above a simple transfer from wallet to Cex eth usdt? Getting quoted $12 and have $13.70 in wallet, but saying not enough funds.

I'm using this new derivatives DEX called Aevo, and I connected a wallet supported by the DEX.

This is the first time I've used a DEX hence the first time withdrawing from one and this is what happened:

I tried to withdraw some Ethereum from the DEX and it sez it takes 3 hours to process withdrawals. It's now been 11 hours and still no Ethereum has been deposited to my wallet.

Here is what I think is the main issue- I've clicked on the transaction withdrawal details and it sez "withdraw asset" WETH and withdrawal destination sez "Ethereum". then is has the amount and the time and date which was almost 12 hours ago. Then below that it sez view L1 transaction and view L2 transaction.

I've checked both L1 and L2 and the L1 sez WETH was sent to my wallet address on the ethereum mainnet, so no address problem or mainnet problem, but my wallet doesn't support WETH, or at least I've searched for it on the wallet and nothing comes up.

Can anyone help me resolve this problem? I have a reward for the first person that can help me out here.

Thank you and keep building and stacking!