CertiK and Etherscan’s reports on the “Fake_Phishing76558” black address

03/24/2023 06:44 • NFT Newsflash • 147 views

According to reports, according to CertiK monitoring, a black address labeled “Fake_Phishing76558” by Etherscan transferred funds to the EOA account address 0xA1807F, which in turn transferred 16.4 ETHs (approximately $29800) to Tornado Cash. Currently, there are still approximately 2.1 ETHs (approximately $3800) in this EOA address.

EOA account address 0xA1807F transfers 16.4 ETHs to Tornado Cash

CertiK, a blockchain security company, has been keeping an eye on suspicious activities on the Ethereum network. Recently, they found a black address, labeled as “Fake_Phishing76558” by Etherscan, which transferred funds to the EOA account address 0xA1807F. This transfer was a cause for concern, as EOA accounts are externally owned accounts with no smart contract code. It is important to understand what this means.

What is a black address?

A black address is a term used to describe an address that is linked to malicious activities on the blockchain. It could be an address used for scams, phishing attempts, or illegal activities. These activities can cause harm to the network and its participants, which is why blockchain security companies like CertiK and blockchain explorers like Etherscan keep track of them.

Understanding EOA accounts

EOA accounts, as mentioned earlier, are externally owned accounts with no smart contract code. They are controlled by private keys and are used for basic transactions on the Ethereum network. Transactions involving EOA accounts are simple and straightforward, unlike transactions with smart contracts, which can have complex interactions and require more computation power.

The transfer to Tornado Cash

CertiK and Etherscan’s report suggested that the funds transferred from the black address to the EOA account were then sent to Tornado Cash. Tornado Cash is a privacy-focused mixer that allows users to send and receive ether anonymously. The fact that the funds were sent to Tornado Cash raised concerns about possible money laundering activities.

The remaining funds in the EOA account

The report also stated that approximately 2.1 ETHs (approximately $3800) remain in the EOA address. It is unclear what will happen to these funds, and there is no information available about who controls the address.

Conclusion

The discovery of a black address linked to suspicious activities is not new in the blockchain space. But it is important to be aware of such addresses and transactions. CertiK and Etherscan’s report sheds light on the potential risks associated with transactions involving black addresses and EOA accounts. It is important for all participants in the blockchain space to remain vigilant and report any suspicious activities.

FAQs

Q: What is CertiK?
A: CertiK is a blockchain security company that provides solutions to secure smart contracts and blockchain applications.
Q: What is Etherscan?
A: Etherscan is a blockchain explorer that allows users to inspect and track activities on the Ethereum network.
Q: What is Tornado Cash?
A: Tornado Cash is a privacy-focused Ethereum mixer that allows users to send and receive ether anonymously.

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