A new attack scheme discovered in the crypto sphere

A new attack scheme discovered in the crypto sphere

user avatar

by Max Nevskyi

3 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Barclays and Citigroup Boost Bitcoin ETF Holdings Amid Market Fluctuations

Barclays and Citigroup have significantly increased their holdings in Bitcoin ETFs, reflecting a growing integration of Bitcoin investment products into traditional financial markets.

user avatarBayarjavkhlan Ganbaatar

Ethereum's Technical Development and Security Roadmap Discussed

The Ethereum Institutional Forum featured discussions on the network's technical roadmap and post-quantum security measures, emphasizing the importance of security and reliability for institutional adoption.

user avatarMohamed Farouk

Tokenization and Blockchain Adoption Discussed at Ethereum Forum

Discussions on the tokenization of traditional assets and the benefits of blockchain technology for financial institutions.

user avatarDiego Alvarez

Ethereum Institutional Forum Showcases Wall Street's Growing Interest

The Ethereum Institutional Forum in London showcases the growing interest of Wall Street firms in Ethereum's blockchain technology.

user avatarElias Mukuru

Proposed Lending System Could Transform XRP Ledger

The proposed lending system aims to introduce new financial capabilities directly into the XRP Ledger.

user avatarMaria Fernandez

Next Steps for XRP Ledger's Lending Amendments

The next milestone for the XRP Ledger is securing the remaining validator votes for the lending amendments.

user avatarKenji Takahashi

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.