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GM.
Today on Money Printer Go Brrr newsletter:
Draining $400,000 in crypto: the infamous Angel Drainer group
Level up your points game, earn free money
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Top Crypto Gainers (24h)
Draining $400,000 in crypto: the infamous Angel Drainer group
Today our researchers discovered yet another emerging attack vector from the Angel Drainer group — this time phishing users and leading them to a single Safe Vault contract where 128 wallets have been drained of $403k+ so far. All Blockaid-protected users are safe. 🧵
— Blockaid (@blockaid_)
6:18 PM • Feb 13, 2024
Sneaky move alert: there's this hacker group called Angel Drainer, right? They've gone and swiped funds from 128 wallets.
The loss? ⇾ $400,000 in crypto.
This is taken through Safe Vault, originally known as Gnosis Safe, a smart contract-based platform designed for securely managing digital assets on the Ethereum blockchain.
How did they do it?
created a fake Safe Vault contract, a digital trap designed to look like a legitimate service;
tricked users into visiting this fake contract;
users were deceived into signing a permit (Permit2) with the fake Safe Vault as the operator, thinking they are performing a routine action;
this Permit2 exploit granted hackers unlimited approval to move funds from the user's wallet across different smart contracts;
the use of a Safe Vault contract adds a layer of perceived legitimacy, as such contracts are usually trusted and verified, misleading users into a false sense of security.
It’s not Safe Vault’s fault ⇾ they were just the costume these crypto crooks wore to the heist.
Apparently, the hacker group used Safe Vault’s smart contracts because:
“Etherscan automatically adds a verification flag verification flag to Safe contracts.”
and “can provide a false sense of security as it’s unrelated to validating whether or not the contract is malicious.”
⚠️ Emerging web3 attack vector: Restake Farming ⚠️
Angel Drainer group has introduced a new attack vector utilizing a protocol to execute a novel form of approval farming attack through the 'queueWithdrawal' mechanism.
🧵(1/6)
— Blockaid (@blockaid_)
12:13 AM • Feb 1, 2024
💡 Angel Drainer group
⇾ been draining wallets for more than 1 year
⇾ ‘collected’ $25 mil like it's a walk in the park
⇾ behind Ledger supply chain attack*, draining $480,000
⇾ most recent being the ‘Restake Farming attack’
*Full story here 👉 https://bitcoinist.com/ledger-supply-chain-attack-over-480000-drained/
🚦Remember: double-check URLs, use multi-factor authentification, and be skeptical of unsolicited messages.
Level up your points game, earn free money
A few days ago we talked about the Points Program and how it started dominating more and more the crypto industry.
If you do it right, you can milk it too. 🍼
In the world of NFTs, it's raining points and tokens! Grab an umbrella.
NFT marketplaces throw points around like confetti at a parade, hoping to attract your attention.
Who’s and what:
On Solana (but expanding to Bitcoin, Polygon, and Ethereum soon)– we have Magic Eden with a thing called Diamonds rewards.
Still refuse to read our posts explaining how to earn Diamonds?
Let our friend @0xFrisk break it down for you
TLDR:
💎 Any purchase on any collection
💎 Collection offers / listings on top 100 collections— Magic Eden 🪄 (@MagicEden)
7:15 PM • Feb 8, 2024
⇾ the points are for degens, collectors, and creators alike.
⇾ to start collecting them you must visit https://magiceden.io/rewards.
I’m up to 33.5k diamonds now
I purchased another 5k on secondary but I’m skeptical on that
Will continue to farm
Feeling very boolish about this airdrop
Magic Eden has something to prove if they want to capture all this eth traffic
I don’t think they will let us down
Nfa
— smokethatdank.eth 💎🦷 (@smokethatdank1)
11:35 PM • Feb 8, 2024
On Ethereum – it’s Blur – they gave away tokens worth $818 million to their loyal fans. That's a lot of digital love!
⇾ each airdrop season is different on Blur, in season 3 people get points by bidding, listing and lending on the Blur.io platform.
⇾ full details on how to get them at https://mirror.xyz/blurdao.eth/zuBExm1kwf8quOIV2EdGpCtvNjvJikbMfVj2TVcVRQo
⇾ check your activity at https://blur.io/airdrop
🔥This is the potential honey pot – On Solana (again) – we have Tensor that has 1 month left of its season 3.
⇾ 💡there is no token launched yet, that means an airdrop is potentially coming soon.
⇾ like its competitors, you farm points by bidding, listing, market making, and loyalty.
⇾ here’s how to farm these points 👉 https://twitter.com/0xMubeenn/status/1732834513368326475
⇾ to check them out, head to https://www.tensor.trade/rewards.
💡 Everyone's trying to outdo each other with rewards and surprises.
So, if you’re “hands” are open, you could be one of them.
Meme Of the Day
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