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Suspicious EOS Accounts

EOS Support employs entity analysis and due diligence to identify suspicious accounts that aim to steal money from others.

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a week ago

1.0 What do we mean by Suspicious Accounts?

Accounts on EOS that are either involved in or are about to engage in significant transactions to acquire funds from other accounts without the consent of their rightful owners are commonly referred to as suspicious accounts.

2.0 Activities of a Suspicious EOS Account

An EOS account that is deemed suspicious engages in activities that violate the standard practices and regulations of the cryptocurrency industry. The range of illegal activities that such accounts may be involved in includes but is not limited to fraud, money laundering, ransomware attacks, network breaches, giveaway scams, investment fraud, use of mixing services, and participation in fake exchanges.

3.0 How to identify a suspicious EOS account?

Due diligence is vital to prevent the loss of funds when transacting with an unfamiliar EOS account essential tool. Blockchain explorers provide relevant information on the account and associated transactions, while entity analysis tools can aid in understanding the account's activities. When dealing with an unknown account, verifying if it connects to a highly risky known account is crucial. KYC-verified EOS accounts are a comparatively safer option to transact with.

4.0 System Accounts in the EOS Blockchain

The genesis of the EOS blockchain is marked by the presence of a single account, eosio, which is responsible for creating all other system accounts. These system accounts possess significant power and can execute transactions without undergoing standard authorization checks. Each system account has a crucial role in ensuring the blockchain's proper functioning. Table 1 highlights some important system accounts and their respective functions within the blockchain.

Table 1: System accounts in the EOS Blockchain

Account

Role in the Blockchain

eosio

The main system account in the EOS blockchain. This account creates all other system accounts.

eosio.msig

It facilitates the signing of a multi-sig transaction proposal.

eosio.wrap

It simplifies block producer superuser action.

eosio.token

It allows users to create, issue, and manage tokens.

eosio.names

It holds funds from the auction of all namespaces.

eosio.bpay

It pays the block producer for producing blocks.

eosio.prods

The account represents the union of all current active block producers’ permissions.

eosio.ram

It keeps track of the SYS balances based on users’ actions of buying or selling RAM.

eosio.ramfee

It keeps track of the fees collected from users’ RAM trading actions:

eosio.saving

It holds a certain percentage of inflation tokens.

eosio.stake

It holds staked tokens.

eosio.vpay

It pays the block producers accordingly with the votes won.

eosio.rex

It keeps track of fees and balances resulting from REX-related actions execution.

eosio.evm

EOS EVM Contract account.

5.0 Lookalike System Accounts

In the EOS blockchain, there exist accounts that resemble system accounts, but in reality, they are not. Some of these accounts that may be mistaken for system accounts include:

You must take extra precisions while transacting with these accounts.

6.0 Fraudulent EOS Accounts

Here is the list of suspicious EOS accounts:

7.0 Conclusion

It is always wise to conduct thorough research before transacting with any EOS account, regardless of whether it has been flagged as suspicious. However, taking extra precautions when dealing with suspicious accounts is essential to safeguard your funds and protect against fraudulent activity. These precautions may include verifying the account's KYC status, analyzing transaction histories, and checking for suspicious connections to high-risk accounts. By taking these steps, you can minimize the risks of transacting with unknown accounts and protect yourself from potential losses.


Author: Sukanta Manna

Editor: Markus Hinrichs, Randall Roland

Sources & References:

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