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MGC Scam: Contract Clogs Ethereum Network, Spends $1.3 Million on Gas

The address of an Ethereum smart contract linked to a mysterious and apparently scammy project dubbed My Gold Coin (MGC) appears to be clogging the Ethereum network. Per the ETH Gas Station tracker site, on July 24th the median gas price to execute an Ethereum transaction was 20 gwei — a higher tha..

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