MyEtherWallet Unauthorized Transaction boki019
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Boki019 used MyEtherWallet (MEW) to create a wallet. They transferred 205 ETH to this wallet, stored files and passwords offline, and didn't log in for a month. Despite these precautions and no signs of hacking or phishing, their ethereum was transfered, with no warnings or emails about withdrawals. They expressed frustration on Reddit about losing their mined ETH. The MyEtherWallet team responded a week before the post, stating that the OP had informed them about all their funds being transferred out. They suspected phishing and asked for the user's address and transaction details. They mentioned sending a standard phishing email for reference and assured the user they would investigate.
This is a global/international case not involving a specific country.[1][2][3][4][5]
About MyEtherWallet
"We are NOT a web wallet. We do not store your funds. We do not transmit your sensitive information (like your password or private key). We do not collect your information. You do not have an account with us. We simply give you a way to interact with the blockchain via our UI. We have carefully built MyEtherWallet in order to be as secure and anonymous as possible"
"I recently created account on myetherwallet.com and transferred 205 ERH on freshly created wallet. as always, stored files and passwords in offline virtual machine and never used/logged until few days ago, when i saw ballance ZERO."
"I got no warning, no email , nothing regarding withdrawing ETH from my account/wallet.
I never went in wallet for a month, so hacking/phishing is out of question. ( also i am under firewall and Kaspersky.... maybe not enough, but offline virtual machine that i start only when I need it , and for minute or two , i think is good enough) Only time i logged is when i created and transferred 205 ETH on Jan 7. 2017, and second and las was on FEB 28. 2017. ETH was transferred on Jan 27. 2017. All can bee seen on blockchain....
I don't know if i forget something. This is my new account on Reddit, and i have to wait 30 days to post anything... :(
Please DONT use myetherwallet.com if You want Your money safe.... I was sleeping like a baby knowing my money is safe....o my God i was SOOOO wrong!!!!! There it goes my year of mining....."
"A week ago the OP emailed us saying all his funds were transferred out of his account. I told him to send me his address and TXs so I could look and add it to my list of accounts that have received stolen funds. I told him that this usually happens due to the user accessing a fake MyEtherWallet site. Aka phishing. I told him that my standard phishing email was included in the email because it has some good recommendations, but to send me his address anyways so I can check into it."
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.
| Date | Event | Description |
|---|---|---|
| January 27th, 2017 9:56:09 AM MST | Ethereum Stolen | Ethereum theft transaction on the blockchain. |
| March 7th, 2017 6:15:36 PM MST | Reddit Post | Incident posted in new thread on Reddit. |
| March 7th, 2017 7:08:50 PM MST | Response By MyEtherWallet | A MyEtherWallet developer responds on Reddit. |
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 $2,000 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?
Individual Prevention Policies
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ Reddit - Dive into anything (Oct 15, 2022)
- ↑ Reddit - Dive into anything (Aug 18, 2023)
- ↑ Reddit - Dive into anything (Aug 18, 2023)
- ↑ Address 0xc7b2d9ecc4d433d79b917c30ceaffc66fa54baf3 | Etherscan (Aug 21, 2023)
- ↑ https://coinmarketcap.com/currencies/ethereum/historical-data/ (Dec 21, 2021)