Ethereum’s Blockchain Gets Attacked, Fake EOS Token Airdrops to Blame?


Why is EOS Accused of Attacking the Ethereum Blockchain?

EOS, one of the most important cryptocurrency platforms in the market, has been accused of attacking the Ethereum network. Apparently, EOS is using dishonest tactics according to a research conducted by a dApp developer from PoWH3D and Fomo3D.

In a reddit post written by the developer Justo, he explained that EOS was carrying out Airdrops of tokens with little or no value at all, which created the price of GAS used to process transactions to rise considerably. In sum, EOS was congesting the Ethereum network.

He wrote about it:

“Every day up until the launch of the EOS platform, which was June 6th, gas prices increased due to ‘Airdrop’ tokens. Thousands of random tokens, with no website, or bootstrapped template websites made in hours. Wasting hundreds of ethereum daily, hundreds of thousands of dollars to drop tokens. This happened until the launch of EOS; on the 6th, then immediately stopped. In one day, gas prices dropped back to normal.”

According to Justo, EOS has been attacking Ethereum’s network every single time something they do doesn’t run properly. Apparently, the attacker was using 2 million dollars a day and owns EOS tokens.

For example, on his investigation he mentions the ERC20 token named “IFishYunYu” that has no functionality at all. As seen in the blockchain explorers, 50 ETH of gas has been used every hour for nearly 24 hours.

But as Justo explains,this kind of attacks are not new. He says that these situations have been applied in the past by the same group of persons:

“So yeah, it’s one guy, it’s the creator of the token. He was doing it during the previous Coin exchange competition too. He’s running a multi-sided scheme, he even has bots running “wash” accounts,” he stated.

At the moment there has been no information from EOS and the team behind it. It is important to mention that during June EOS migrated from Ethereum to its own blockchain network. The company was facing some challenges and issues, but it seems that the situation has now stabilized.

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