• 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

OCC's New Guidelines Open Doors for Banks to Engage with Cryptocurrency

chest

The OCC has issued new guidelines allowing banks to engage with cryptocurrency, potentially benefiting XRP and the broader crypto market.

user avatarMaria Gutierrez

Revenue Discrepancy Affects Solana Validators

chest

The Solana network generates an impressive $14 billion annually; however, this revenue does not adequately support its validators, leading to negative returns and concerns about decentralization.

user avatarDavid Robinson

LINK Remains Under Key Moving Averages Amid Weak Market Momentum

chest

LINK remains below its 200-day moving average, indicating weak momentum and low investor conviction in the current market.

user avatarZainab Kamara

Solana Validator Count Plummets Amid Financial Struggles

chest

The Solana network has seen a dramatic decline in its validator count, dropping from 2,500 to just 795 since March 2023 due to financial struggles faced by many operators.

user avatarSon Min-ho

New Wallets Withdraw $198 Million in LINK from Binance

chest

A total of 1,567 million Chainlink (LINK), valued at approximately $198 million, has been withdrawn from Binance by 11 newly created wallets over the last three days.

user avatarJacob Williams

AI and Automation's Dual Impact on Cardano's Future

chest

The rise of AI and automation in trading is significantly impacting Cardano's price momentum, with potential for future revival as market conditions stabilize.

user avatarNguyen Van Long

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.