Categories: ICO

‘Active Scam’: MetaMask Adds Optional Block of Top Ethereum Decentralized App

Click here to view original web page at cointelegraph.com

Cryptocurrency wallet and Ethereum decentralized app (DApp) extension MetaMask has blocked the most popular DApp for Ethereum, 333ETH. The Next Web reported on the block Friday, September 28.

333ETH promises “lifelong” payouts of Ether (ETH) to investors’ wallets via smart contracts upon an initial down payment. The latest in a series of popular Ethereum DApps to attract scam accusations, it is currently ranked the most popular on monitoring site DAppRadar.

In comments on Twitter, MetaMask said it had opted to create the block, which it added it would make optional, due to the 333ETH DApp being an “active scam.” MetaMask claimed it was acting in users’ best interests.

“This site was never the most used Dapp, and it was actively phishing people,” the extension’s official Twitter account wrote Thursday.

“We will be adding the ability to skip our block page, we don't mean to tell people what they can visit, but this site is an active scam.”

Some of the most used Ethereum DApps this year have been products including Fomo3D and PoWH 3D, both of which openly admitted they were not financially sound investment opportunities.

Fomo3D, for example, describes itself as an “ironic jab at the cryptocurrency ICO space, putting every player in the terrifying and tempting position to Exit Scam everything and run away with massive life-changing amounts of real Ethereum.”

According to DappRadar, 333ETH currently holds over 7000 ETH ($1.58 million) in its smart contract.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Authorities Bust Illegal Crypto-Mining Lab In Nuclear Power Plant

Ukrainian news media is reporting that last month an illegal cryptocurrency mining operation was discovered and confiscated on the site… Read More

6 hours ago

Why Mark Carney Thinks The Dollar Can No Longer Be The World’s Reserve Currency

While Jerome Powell's highly anticipated Jackson Hole speech was, in the words of Brean Capital's Russ Certo "underwhelming and anti-climatic",… Read More

6 hours ago

Bitcoin Transactions Lead to International Drug Trafficking Ring’s Arrests

Criminals often express their favoritism toward cryptocurrencies. The perceived privacy and anonymity associated with this payment method makes for an… Read More

6 hours ago

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions… Read More

6 hours ago

Analyst Says Bitcoin Is About to Seriously Impress Us

As of late, bitcoin – the granddaddy of all crypto – is once again experiencing small bursts of bearish behavior.… Read More

6 hours ago

Gloomy Stock Market Faces New China Taunt: We’ll Get ‘Last Laugh’

A gloomy stock market must wrestle with China's latest taunt, in which it warned it would "fight to the end"… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More