Beware: Scam-as-a-Service Aiding Cybercriminals in Crypto Wallet-Draining Attacks

December 30, 2023 at 04:42AM Cybersecurity researchers are cautioning about a surge in phishing attacks targeting cryptocurrency wallets, utilizing a technique to drain multiple blockchain networks. Notably, a group called Angel Drainer offers a “scam-as-a-service” for a percentage of stolen assets. To combat this, users are advised to use hardware wallets, verify smart contracts, and … Read more

Ethereum feature abused to steal $60 million from 99K victims

November 13, 2023 at 04:46PM Malicious actors have been exploiting Ethereum’s ‘Create2’ function to bypass wallet security alerts, resulting in the theft of $60 million worth of cryptocurrency from 99,000 individuals in six months. The ‘Create2’ function allows the creation of smart contracts on the blockchain and has introduced benefits but also security implications. Scammers … Read more