YBY-ETORO Phishing and Scamming - Revision history

Azoundria: Another 30 minutes complete. Additional sources merged in. Prevention completed. Information moved around.

2023-09-08T04:05:05Z

Another 30 minutes complete. Additional sources merged in. Prevention completed. Information moved around.

Azoundria at 21:34, 7 May 2023

2023-05-07T21:34:55Z

← Older revision		Revision as of 15:34, 7 May 2023
Line 4:		Line 4:
	[[File:Ybyetoro.jpg\|thumb\|YBY-ETORO]]YBY ETORO claims to be a popular and widely used decentralized application. However, once authorized, the service can take funds. The service claims to have been audited by CertiK, however this is not the case. Their website has been updated to claim an audit from SlowMist, including a downloadable document. So far, at least $124k has been sent to the smart contract.		[[File:Ybyetoro.jpg\|thumb\|YBY-ETORO]]YBY ETORO claims to be a popular and widely used decentralized application. However, once authorized, the service can take funds. The service claims to have been audited by CertiK, however this is not the case. Their website has been updated to claim an audit from SlowMist, including a downloadable document. So far, at least $124k has been sent to the smart contract.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="certik-5262" /><ref name="ybyetoro-5283" /><ref name="googledrive-5284" /><ref name="etherscan-5285" /><ref name="reddit-5286" /><ref name="certikorgtwitter-5287" />
	<ref name="certik-5262" /><ref name="ybyetoro-5283" /><ref name="googledrive-5284" /><ref name="etherscan-5285" /><ref name="reddit-5286" /><ref name="certikorgtwitter-5287" />

	== About YBY-ETORO ==		== About YBY-ETORO ==
Line 53:		Line 52:
	!Description		!Description
	\|-		\|-
	\|December 11th, 2021 ~~12:00:00 AM~~		\|December 11th, 2021
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
Line 61:		Line 60:
	\|		\|
	\|}		\|}

			== 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 ==		== Total Amount Lost ==
Line 80:		Line 82:
	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== 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 ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~Which policies could have prevented this event from happening?~~

	== References ==		== References ==

Azoundria at 17:48, 28 February 2023

2023-02-28T17:48:30Z

← Older revision		Revision as of 11:48, 28 February 2023
Line 1:		Line 1:
	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/ybyetorophishingandscamming.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/ybyetorophishingandscamming.php}}
			{{Unattributed Sources}}

	[[File:Ybyetoro.jpg\|thumb\|YBY-ETORO]]YBY ETORO claims to be a popular and widely used decentralized application. However, once authorized, the service can take funds. The service claims to have been audited by CertiK, however this is not the case. Their website has been updated to claim an audit from SlowMist, including a downloadable document. So far, at least $124k has been sent to the smart contract.		[[File:Ybyetoro.jpg\|thumb\|YBY-ETORO]]YBY ETORO claims to be a popular and widely used decentralized application. However, once authorized, the service can take funds. The service claims to have been audited by CertiK, however this is not the case. Their website has been updated to claim an audit from SlowMist, including a downloadable document. So far, at least $124k has been sent to the smart contract.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="certik-5262" /><ref name="ybyetoro-5283" /><ref name="googledrive-5284" /><ref name="etherscan-5285" /><ref name="reddit-5286" /><ref name="certikorgtwitter-5287" />

	== About YBY-ETORO ==		== About YBY-ETORO ==
Line 83:		Line 85:

	== References ==		== References ==
	[https://www.certik.com/ CertiK Blockchain Security Leaderboard] (Jan 4)		<references><ref name="certik-5262">[https://www.certik.com/ CertiK Blockchain Security Leaderboard] (Jan 4, 2022)</ref>

	[https://www.yby-etoro.net/ No Title] (Jan 5)		<ref name="ybyetoro-5283">[https://www.yby-etoro.net/ No Title] (Jan 5, 2022)</ref>

	[https://drive.google.com/file/d/1boTLHsns6id5m1anaOYgSPb7FQgAJZW6/view https://drive.google.com/file/d/1boTLHsns6id5m1anaOYgSPb7FQgAJZW6/view] (Jan 5)		<ref name="googledrive-5284">[https://drive.google.com/file/d/1boTLHsns6id5m1anaOYgSPb7FQgAJZW6/view https://drive.google.com/file/d/1boTLHsns6id5m1anaOYgSPb7FQgAJZW6/view] (Jan 5, 2022)</ref>

	[https://etherscan.io/address/0x048541809c8e9c75538d7416f40b9f83fa70069b#tokentxns Address 0x048541809c8e9c75538d7416f40b9f83fa70069b \| Etherscan] (Jan 5)		<ref name="etherscan-5285">[https://etherscan.io/address/0x048541809c8e9c75538d7416f40b9f83fa70069b#tokentxns Address 0x048541809c8e9c75538d7416f40b9f83fa70069b \| Etherscan] (Jan 5, 2022)</ref>

	[https://www.reddit.com/r/eth_liquidity_scam/comments/rb1fvx/ybyetoro_cloud_farming_scam/ YBY-ETORO Cloud farming SCAM : eth_liquidity_scam] (Jan 5)		<ref name="reddit-5286">[https://www.reddit.com/r/eth_liquidity_scam/comments/rb1fvx/ybyetoro_cloud_farming_scam/ YBY-ETORO Cloud farming SCAM : eth_liquidity_scam] (Jan 5, 2022)</ref>

	[https://twitter.com/certikorg/status/1470452401580781568 @certikorg Twitter] (Jan 5)		<ref name="certikorgtwitter-5287">[https://twitter.com/certikorg/status/1470452401580781568 @certikorg Twitter] (Jan 5, 2022)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/ybyetorophishingandscamming.php}} YBY-ETOROYBY ETORO claims to be a popular and widely used decentralized application. However, once authorized, the service can take funds. The service claims to have been audited by CertiK, however this is not the case. Their website has been updated to claim an audit from SlowMist, including a downloadable document. So far, at least $1..."

2023-01-28T04:09:20Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/ybyetorophishingandscamming.php}} thumb|YBY-ETOROYBY ETORO claims to be a popular and widely used decentralized application. However, once authorized, the service can take funds. The service claims to have been audited by CertiK, however this is not the case. Their website has been updated to claim an audit from SlowMist, including a downloadable document. So far, at least $1..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/ybyetorophishingandscamming.php}}

[[File:Ybyetoro.jpg|thumb|YBY-ETORO]]YBY ETORO claims to be a popular and widely used decentralized application. However, once authorized, the service can take funds. The service claims to have been audited by CertiK, however this is not the case. Their website has been updated to claim an audit from SlowMist, including a downloadable document. So far, at least $124k has been sent to the smart contract.

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

== About YBY-ETORO ==
"A better, smarter contract.Explore the ultimate user experience and best engineering practices." "YBY-ETORO is one of the most popular decentralized platforms, ever. And those users are now entrusting the platform with over $5 billion in funds."

"YBY-ETORO is a blockchain agreement. It is like a decentralized central bank that establishes a currency market through smart contracts. The money market is based on the supply and demand of assets, and the interest rate of the asset pool is derived through algorithms. Providers of USDT assets (participants, we call them "miners") , directly interact with smart contract agreements without any actual mortgage, and automatically earn floating interest rates, without negotiating maturity and interest rates or collateral,and other with peers or counterparties Terms."

"It allows USDT holders to automatically explore the borrowing needs of the currency market, and automatically match higher interest orders, after agreeing to authorize the execution of this contract (becoming a "miner"). It is an AMM mechanism and an automatic quantification procedure. Your deposit is always in your own wallet without withdrawal, and you can withdraw the interest earned to your wallet at any time. Become a "miner", hand over to the smart contract agreement, and automatically earn income!"

"The crypto economy is a radical new imagining of the future of work. Open protocols will create transparency and opportunity, enabling anyone in the world to contribute their talents to a global economy. We want to support this vision and build the new coordination mechanisms of the internet age."

"YBY-ETORO is identified as a scammer project. CertiK never performs any audits and interact with this project. Please do not connect your wallet and with the scammer address."

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 - YBY-ETORO Phishing and Scamming
!Date
!Event
!Description
|-
|December 11th, 2021 12:00:00 AM
|Main Event
|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost has been estimated at $124,000 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?

== Prevention Policies ==
Which policies could have prevented this event from happening?

== References ==
[https://www.certik.com/ CertiK Blockchain Security Leaderboard] (Jan 4)

[https://www.yby-etoro.net/ No Title] (Jan 5)

[https://drive.google.com/file/d/1boTLHsns6id5m1anaOYgSPb7FQgAJZW6/view https://drive.google.com/file/d/1boTLHsns6id5m1anaOYgSPb7FQgAJZW6/view] (Jan 5)

[https://etherscan.io/address/0x048541809c8e9c75538d7416f40b9f83fa70069b#tokentxns Address 0x048541809c8e9c75538d7416f40b9f83fa70069b | Etherscan] (Jan 5)

[https://www.reddit.com/r/eth_liquidity_scam/comments/rb1fvx/ybyetoro_cloud_farming_scam/ YBY-ETORO Cloud farming SCAM : eth_liquidity_scam] (Jan 5)

[https://twitter.com/certikorg/status/1470452401580781568 @certikorg Twitter] (Jan 5)