• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
A new attack scheme discovered in the crypto sphere

A new attack scheme discovered in the crypto sphere

user avatar

by Max Nevskyi

2 years ago


Hackers have developed a new attack scheme using the malicious program Angel Drainer to steal rewards for Ethereum (ETH) restaking. This discovery was made by the Web3 security platform Blockaid. Angel Drainer, one of the most popular malicious programs last year, was used to steal $20 million over the past 12 months.

The new scheme involves a special permission method that allows hackers to deceive the system and withdraw restaking rewards from the EigenLayer protocol. EigenLayer is an Ethereum-based protocol offering tools for ETH restaking at the consensus level. Hackers also use the "CREATE2" mechanism, allowing them to approve fund withdrawals to an empty address, making identification difficult.

Blockaid specialists are already working on a fix that will protect users' wallets from new hacker schemes. They have also warned the EigenLayer protocol team about the fraudsters' actions.

Last year, analysts at SlowMist discovered a new type of phishing attack developed by Chinese hackers using a fake Skype application to steal cryptocurrency. Another scheme targeted users of the social platform Friend.tech, where a cybercriminal, posing as a well-known journalist, sent phishing links to steal digital assets.

Blockchain platform TRM Labs experts noted that losses from hacker breaches of crypto projects in 2023 were reduced by 50%, amounting to $1.7 billion.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Anchorage Digital's Research Reveals Insights on Bitcoin Covered Call Strategies

chest

Anchorage Digital's research reveals that Bitcoin covered call strategies can generate synthetic yield for BTC holders, but may limit gains during bullish markets.

user avatarZainab Kamara

Robinhood and Coinbase Stocks Surge Following CFTC Announcement

chest

Robinhood and Coinbase stocks surged significantly after the CFTC announced new regulations for crypto derivatives trading, allowing US firms to offer perpetual futures trading.

user avatarSon Min-ho

Analysts Divided on Strategy's Financial Management Amid Bitcoin Concerns

chest

Analysts are divided on Strategy's early buyback of zero-interest convertible notes, with some viewing it as smart capital management amidst Bitcoin market fluctuations.

user avatarTando Nkube

Peter Schiff Raises Alarm on Strategy's Bitcoin Investment Strategy

chest

Gold advocate Peter Schiff raises concerns about Strategy's reliance on cheap debt to invest in Bitcoin, suggesting potential financial pressures.

user avatarAyman Ben Youssef

Solana Approaches Key Support Level Amid Accumulation Signs

chest

Solana's price is defending a crucial multiyear support zone near the 79 level, with signs of accumulation suggesting a potential breakout.

user avatarKofi Adjeman

CLARITY Act Advances in Senate Amidst Banking Sector Concerns

chest

The CLARITY Act is advancing in the Senate, but JPMorgan's CEO warns of fundamental issues and strong opposition from banks.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.