🚨 REVENUE FAMILY FACES SCAM ACCUSATIONS OVER MALICIOUS PERMISSIONS AND USDG DRAINING ⚠️🛡️
A security flaw in the alleged X Money withdrawal bridge exposes users to loss of funds through unlimited authorization signatures.
Key points from the security incident:
🔐 Exploitation via Permit: Attackers tricked users into granting unlimited USDG approvals and executed transferFrom in a single block.
💸 Splitting the loot: The stolen funds were routed directly to two hacker addresses in a proportion of 80% and 20%.
🚫 Project response: Revenue Family disabled redemptions, reported the takeover of its account by an internal reviewer, and denied that the token $REV is authored by them.
Do you frequently review the approvals and permissions of your Web3 wallets using contract revocation tools?
💬👇 I’ll read your comments!
#CryptoNews #BinanceSquare #XMoney #RevenueFamily
A security flaw in the alleged X Money withdrawal bridge exposes users to loss of funds through unlimited authorization signatures.
Key points from the security incident:
🔐 Exploitation via Permit: Attackers tricked users into granting unlimited USDG approvals and executed transferFrom in a single block.
💸 Splitting the loot: The stolen funds were routed directly to two hacker addresses in a proportion of 80% and 20%.
🚫 Project response: Revenue Family disabled redemptions, reported the takeover of its account by an internal reviewer, and denied that the token $REV is authored by them.
Do you frequently review the approvals and permissions of your Web3 wallets using contract revocation tools?
💬👇 I’ll read your comments!
#CryptoNews #BinanceSquare #XMoney #RevenueFamily
