• 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

Identifying Low-Cost Meme Coins: Lessons from Noomez NNZ

chest

Investors are advised to focus on tokenomics and presale structures to find low-cost meme coins.

user avatarDavid Robinson

Noomez NNZ: A New Contender in the Meme Coin Market

chest

Noomez NNZ is highlighted as a promising meme coin with structured mechanics and a tiered presale.

user avatarAndrew Smith

CryptoQuant CEO Predicts Bitcoin Enters Profit-Taking Phase

chest

CryptoQuant CEO Ki Young Ju predicts Bitcoin is in a profit-taking phase, indicating a potential bear market based on the PnL Index Signal.

user avatarJacob Williams

Security Lessons from Cardano's AI-Induced Incident

chest

The recent AI-induced incident in Cardano has sparked discussions about the reliability of AI-generated code and the effectiveness of governance in cryptocurrency ecosystems.

user avatarZainab Kamara

Weak Demand for LINK Amidst Market Uncertainty

chest

Weak demand for LINK persists despite a recent price increase, as investors remain cautious amid market uncertainty.

user avatarAyman Ben Youssef

Surge in Social Sentiment for Chainlink and LINK

chest

Surge in social sentiment for Chainlink and its cryptocurrency LINK due to positive price prospects and Grayscale's comments.

user avatarSon Min-ho

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.