Ethereum Network Overloaded Again, Strong Suspicions of Spam
Cryptovest
Published Aug 07, 2018 03:10AM ET
Updated Aug 07, 2018 04:20AM ET
Ethereum Network Overloaded Again, Strong Suspicions of Spam
The Ethereum network is once again undergoing what looks like a spam attack. A single address is sending and receiving transactions, consuming 24.85% of the gas, based on data from the Ethereum gas station. This was the peak value in the early hours on Tuesday UTC, and later the transactions started to gradually decrease their gas use.
While in the past increased activity was linked to airdrops or other project-related transactions, this time, the usage looks like outright spam, which was also reflected in the comments on Etherscan .
“What is this? It's spamming the entire network. Looks like a PlayerBook clone, but makes no sense, it's registering weird names,” wrote user EtherGuy.
Another user explored the transactions and noticed a pattern of repeating wallet addresses, loaded with Ethereum to pay for the fees:
“It’s a botted ring wallet system with nearly 150,000 to 200,000 ethereum in it. The bots translate random addr...
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