<center>![BASE HEADER mewmcrypt.png](https://steemitimages.com/DQmaEcqqPX7rfvrDKWaBSGRRyLAoWX9ajz53E7QeUuAqzer/BASE%20HEADER%20mewmcrypt.png)</center>



<h3>There is some FUD regarding the recent developments of the most popular Ethereum online wallet myetherwallet.com and the newly established mycrypto.com. Here's what I found out.</h3>
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<h3>MYCRYPTO.COM</h3> Although this story is still ongoing it appears that the owners of myetherwallet.com have had a fallout and have parted ways, with one of them starting a competing, almost identical service called mycrypto.com. This is causing much uncertainty among the community about who to trust, and wether or not myetherwallet or mycrypto are trustworthy at all.

It appears that a known spokesperson for MEW, has taken her leave and it starting MyCrypto together with 19 of the other developers. MEW is left with just one, which is the other co-founder. What exactly caused this to happen is unclear as both parties are being rather vague about it. In [a lengthy post on Medium](https://medium.com/mycrypto/mycrypto-launch-6a066bf41093) the owner of MyCrypto.com frames the story as if it were a rebrand and a concious decision.

However, looking closer at the GitHub commit graph that is included in the post it is clear that there is an underlying implication that the remaining owner of MEW had been inactive for months.

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On the other hand, the team of MyCrypto.com is accused of stealing the team, hijacking the MyEtherWallet Twitter account and announcing a rebrand while keeping the other co-founder in the dark. Basically a hostile take-over.  And that sounds rather weird too.
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<h3>WHO TO TRUST</h3> When stuff like this happens I quickly lose trust. A while ago when Etherdelta's ownership changed hands I have moved away from it as well. It shows that even in this decentralized blockchain world, if you have to deal with a middleman or party somehow, there's trust involved. I know that using my Ledger Nano S hardware wallet will keep me safe 99.9% of the time, and if I watch the screen and check the addresses closely I should be safe even if the new owners are not trustworthy. But.... when it comes to money _do I really need or want this extra risk?_ No.

So I move away. At least for the time being, until the dust settles and it becomes clear where I can place my trust I'm not going to be using myetherwallet nor mycrypto. And since the Ledger Nano S software is undergoing problems too lately, I'm not touching that either unless I have to. I'm still waiting for the official all-in-one Ledger app, that will hopefully set me free again.

For now, if anybody wants to use MEW or MyCrypto, you're _probably_ safe if you use a hardware wallet but _do_ really double check all the send and receive addresses before transferring funds. Stay on the safe side.


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<center>[![footercartoon new5.png](https://steemitimages.com/DQmRMndUYFqxoxwcTkTR4JAADzH6o43QhSS1WM17wP8uD1C/footercartoon%20new5.png)](https://steemit.com/@pandorasbox)</center>_(Art by [Roy Lichtenstein](https://en.wikipedia.org/wiki/Roy_Lichtenstein))_