Azoundria: Initial 30 minutes. All sources integrated.

2023-05-05T18:12:20Z

Initial 30 minutes. All sources integrated.

Azoundria: Created page with "{{Imported Case Study 2|source=https://www.quadrigainitiative.com/casestudy/coinethercoinbaseethereumdoublingoffer.php}} {{Unattributed Sources}} Coin-Ether WebsiteWhat could go wrong with an "official" Ethereum give-away of 40,000 ETH? After all, it was accompanied by a video of an interview between Brian Armstrong and Vitalik Buterin and had a premium domain name. After several users sent a total of 6.003026 ETH, unsurprisingly the..."

2023-05-02T21:32:32Z

Created page with "{{Imported Case Study 2|source=https://www.quadrigainitiative.com/casestudy/coinethercoinbaseethereumdoublingoffer.php}} {{Unattributed Sources}} thumb|Coin-Ether WebsiteWhat could go wrong with an "official" Ethereum give-away of 40,000 ETH? After all, it was accompanied by a video of an interview between Brian Armstrong and Vitalik Buterin and had a premium domain name. After several users sent a total of 6.003026 ETH, unsurprisingly the..."

New page

{{Imported Case Study 2|source=https://www.quadrigainitiative.com/casestudy/coinethercoinbaseethereumdoublingoffer.php}}
{{Unattributed Sources}}

[[File:Coinethergiveaway.jpg|thumb|Coin-Ether Website]]What could go wrong with an "official" Ethereum give-away of 40,000 ETH? After all, it was accompanied by a video of an interview between Brian Armstrong and Vitalik Buterin and had a premium domain name. After several users sent a total of 6.003026 ETH, unsurprisingly they received nothing back.

This is a global/international case not involving a specific country.<ref name="redditold-10726" /><ref name="redditold-10727" /><ref name="etherscan-10728" /><ref name="etherscan-10729" /><ref name="coinetherarchive-10730" /><ref name="coinmarketcap-4651" />

== About Coinbase ==
"We are launching a massive ETH giveaway to celebrate a major upgrade to the Ethereum project. Hurry up and take! Visit our website: coin-ether.net"

"Official Ethereum event 40,000 ETH. We believe that after the London hard fork EIP-1559, the Ethereum coin will cost $ 10,000 per coin. To speed up the process of mass adoption of cryptocurrencies, we decided to launch the distribution of 40,000 ETH. giveaway."

"During this unique event we will give you a chance to win 40,000 ETH, have a look at the rules and don't miss on your chance! You can only participate once!"

"To participate you just need to send from 0.5 ETH to 500 ETH to the contribution address and we will immediately send you back 1 ETH to 1,000 ETH (x2) to the address you sent it from."

"To make a transaction, you can use any wallet or exchange to participate!"

"Once we receive your transaction, the outgoing transaction is processed to your address."

"Once we receive your transaction, we will immediately send the requested amount back to you."

"Every address that is sent too late, gets their ETH immediately sent back."

"Please help to take down this scammers, currently live streaming by Cactoos in ethereum"

"This is on youtube but they wont do anything..."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:
* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Coin-Ether Coinbase Ethereum Doubling Offer
!Date
!Event
!Description
|-
|October 31st, 2021 7:43:22 AM MDT
|First Transaction Sent
|The first blockchain transaction is recorded.
|}

== Technical Details ==
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

== Total Amount Lost ==
The total amount lost has been estimated at $26,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?
== General Prevention Policies ==
Know the common scam tactics. Always validate any information against official sources. Never make a rushed transaction to send any funds.
== Individual Prevention Policies ==
{{Prevention:Individuals:Placeholder}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
{{Prevention:Platforms:Placeholder}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
{{Prevention:Regulators:Placeholder}}

{{Prevention:Regulators:End}}

== References ==
<references><ref name="redditold-10726">[https://old.reddit.com/r/ethereum/comments/qjqzxq/please_help_to_take_down_this_scammers_currently/hirra8u/ nebra1 comments on Please help to take down this scammers, currently live streaming] (Sep 28, 2022)</ref>

<ref name="redditold-10727">[https://old.reddit.com/r/ethereum/comments/qjqzxq/please_help_to_take_down_this_scammers_currently/ Please help to take down this scammers, currently live streaming : ethereum] (May 2, 2023)</ref>

<ref name="etherscan-10728">[https://etherscan.io/address/0x7cbac76a437105DEf9f169354B009BFfffF507B5 Address 0x7cbac76a437105DEf9f169354B009BFfffF507B5 | Etherscan] (May 2, 2023)</ref>

<ref name="etherscan-10729">[https://etherscan.io/tx/0x84bdade1208115ff506234e02331b089b2911be989cc9d796d3e547568fee418 Ethereum Transaction Hash (Txhash) Details | Etherscan] (May 2, 2023)</ref>

<ref name="coinetherarchive-10730">[https://web.archive.org/web/20211031135037/http://coin-ether.net/ Ethereum Giveway] (May 2, 2023)</ref>

<ref name="coinmarketcap-4651">[https://coinmarketcap.com/currencies/ethereum/historical-data/ https://coinmarketcap.com/currencies/ethereum/historical-data/] (Dec 21, 2021)</ref></references>

Coin-Ether Coinbase Ethereum Doubling Offer - Revision history

Azoundria: Initial 30 minutes. All sources integrated.