A new cybersecurity threat has been identified by Blockaid, involving a scammer group known as Angel Drainer. The group is executing a novel form of approval farming attack through a 'queueWithdrawal' mechanism within restaking protocols on the @eigenlayer platform. Users signing a 'queueWithdrawal' transaction are unknowingly approving malicious activities, leading to the draining of their funds. Wallet Guard has responded to the threat by updating their systems to protect their users from this exploit.
Phishing group Angel Drainer has started using a new attack vector, targeting restaking protocols, analysts at Blockaid alarm https://t.co/yMaG4exOwH
🚨 Earlier this evening, @blockaid_ discovered a novel exploit that is allowing a prominent scammer group known as "Angel Drainer" to drain user funds from @eigenlayer Wallet Guard users are now safe ✅ https://t.co/KRIrRvfZjm
🚨 Earlier this evening, @blockaid_ discovered a novel scam that is allowing a prominent scammer group known as "Angel Drainer" to drain users funds from @eigenlayer Wallet Guard users are now protected ✅ https://t.co/YTV4boG9dw
🚨 Earlier this evening, @blockaid_ discovered a novel exploit that is allowing a prominent scammer group known as "Angel Drainer" to drain users funds from @eigenlayer Wallet Guard users are now protected ✅ https://t.co/5MpULIMQD5
Blockaid: 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. Central to the attack, a user signing a 'queueWithdrawal' transaction effectively approves a 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) https://t.co/sYVu6iCfBh