Tether, Inc. has moved coins to the Ethereum network. The Ethereum network clogged. The USDT smart contract is presently taking up 31.55% of all Ethereum gas. EthGasStation team concluded reason as More Gold Token, an airdrop that took over the network in the past two months was a potential scam.
MGC is an unknown and unlisted digital asset, the airdrop was a form of drawing in wallet owners. The users had to share the wallet’s private keys to activate the wallet. It was a direct invitation to steal the assets. MGC has also targeted the Asian market as of now.
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