Bitcoin
Bitcoin (BTC)
$64,296.00 -0.41776
Bitcoin price
Ethereum
Ethereum (ETH)
$3,409.56 -1.43815
Ethereum price
BNB
BNB (BNB)
$569.82 -1.18487
BNB price
Solana
Solana (SOL)
$156.46 -3.45996
Solana price
XRP
XRP (XRP)
$0.6111270 4.25884
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000187 -4.08729
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -5.26956
Pepe price
Bonk
Bonk (BONK)
$0.0000272 -4.15995
Bonk price
Bitcoin
Bitcoin (BTC)
$64,296.00 -0.41776
Bitcoin price
Ethereum
Ethereum (ETH)
$3,409.56 -1.43815
Ethereum price
BNB
BNB (BNB)
$569.82 -1.18487
BNB price
Solana
Solana (SOL)
$156.46 -3.45996
Solana price
XRP
XRP (XRP)
$0.6111270 4.25884
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000187 -4.08729
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -5.26956
Pepe price
Bonk
Bonk (BONK)
$0.0000272 -4.15995
Bonk price
Bitcoin
Bitcoin (BTC)
$64,296.00 -0.41776
Bitcoin price
Ethereum
Ethereum (ETH)
$3,409.56 -1.43815
Ethereum price
BNB
BNB (BNB)
$569.82 -1.18487
BNB price
Solana
Solana (SOL)
$156.46 -3.45996
Solana price
XRP
XRP (XRP)
$0.6111270 4.25884
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000187 -4.08729
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -5.26956
Pepe price
Bonk
Bonk (BONK)
$0.0000272 -4.15995
Bonk price
Bitcoin
Bitcoin (BTC)
$64,296.00 -0.41776
Bitcoin price
Ethereum
Ethereum (ETH)
$3,409.56 -1.43815
Ethereum price
BNB
BNB (BNB)
$569.82 -1.18487
BNB price
Solana
Solana (SOL)
$156.46 -3.45996
Solana price
XRP
XRP (XRP)
$0.6111270 4.25884
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000187 -4.08729
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -5.26956
Pepe price
Bonk
Bonk (BONK)
$0.0000272 -4.15995
Bonk price

Angel Drainer targets restaking platforms with new attack vector, Blokcaid warns

angel-drainer-targets-restaking-platforms-with-new-attack-vector-blokcaid-warns
Edited by
News
Angel Drainer targets restaking platforms with new attack vector, Blokcaid warns

Phishing group Angel Drainer has started using a new attack vector, targeting restaking platforms, analysts at Blockaid alarm.

Blockaid’s analysts have discovered a new attack vector performed by the Angel Drainer group, using a protocol to carry out an approval farming attack via the “queueWithdrawal” function. In an X thread on Feb. 1, Blockaid shared affected wallet addresses, adding it is implementing a fix to safeguard users.

Restaking rewards, introduced by EigenLayer, provide Ethereum (ETH) stakers with new tokens. These tokens can be restaked in other decentralized applications, preserving the option to participate in protocols’ governance.

In the latest innovative attack, Angel Drainer has apparently made a new approval farming method through the “queueWithdrawal” function of the EigenLayer platform, approving a malicious “withdrawer” to withdraw staking rewards to the attacker’s address, the firm says.

“Unlike the regular ERC20 ‘approve’ method, this is a special kind of approval that is needed due to the nature of Ethereum staking.”

Blockaid

Blockaid emphasizes that this new attack vector involves a distinctive approval method, leading to most security providers or internal security tools not parsing and validating this approval type. To further elude detection, the attacker employs the so-called “CREATE2” mechanism to approve withdrawals to an empty address, as revealed by Blockaid.

The firm has notified the EigenLayer team about the “ongoing attack.” In a separate X post, EigenLayer confirmed the attack, urging users to stay vigilant amidst the increasing phishing attacks targeting its users.