Decentralized finance yield farming platform Yearn Finance has a doppelganger that is tricking visitors into sharing the private keys of their cryptocurrency wallets.
The scam website of Yearn Finance perfectly copies almost every aspect of the original yearn.
Finance website down to its design, website copy and even domain name.
The scammers behind the website chose the domain name "Yaerm.finance," making it look extremely similar to "Yearn.finace."
Finance page that looks exactly like Yearn Finance's official website.
After scrolling down from the first window that appears, one finds that the website contains a strange guide to "Seven easy hairstyles."
Similar to the original website, the scam website also has six different options in the first window.
Another website is posing as Trust Wallet to cheat crypto users.
The Trust Wallet-like website has a call-to-action button that reads "Claim Prize" and upon clicking, opens a window that requests the users to enter their private keys.
Users who are new to crypto and are not aware of the importance of keeping their private keys "Private" may easily fall for these scams and give the scammers easy access to their funds.
Yearn Finance doppelganger scam tries to trick visitors out of their keys
Published on Oct 22, 2020
by Cointele | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.