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  • Angel Drainer's Latest Loot: Exploiting Etherscan for $400K!

Angel Drainer's Latest Loot: Exploiting Etherscan for $400K!

In its just over one year of operations, Angel Drainer has stolen more than $25 million from its victims.

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Here's what we've got for you today:

  • Angel Drainer Group Strikes Again and PlayDapp Battles Hacker

  • FTX, Alameda Involved in Million-Dollar Mystery Crypto Transfers

  • Transaction Volume of New Ethereum Standard ERC-404 Token Hits $70M

  • SEC Likely to Restrict ETF Approvals to Bitcoin and Ethereum, says Cathie Wood

Despite only being in business for just over a year, Angel Drainer has alarmingly drained more than $25 million from almost 35,000 wallets.

  • Angel Drainer carried out an advanced attack, stealing over $400,000 from 128 crypto wallets by exploiting Etherscan’s verification tool to hide a malicious smart contract.

  • The attack began on Feb. 12, involving the deployment of a harmful Safe vault contract, according to blockchain security company Blockaid.

  • PlayDapp, a South Korean Web3 game development platform and NFT marketplace, also faced a security breach that extended into this week.

On Feb. 13, the blockchain security company PeckShield released warnings about a number of interesting transactions.

  • PeckShield alerted about a 542 ETH transfer (worth about $1.36 million) from Alameda Research to Wintermute, a liquidity provider.

  • Another alert highlighted an internal shift of 10.7K ETH ($26.8 million) between Alameda Research's wallets, but the purpose of this remains unknown.

  • A third notice disclosed a transfer from “FTX Cold Storage #2” of 50K JSOL ($6.6 million) to an unidentified wallet. JSOL is the native token of JPool, a liquidity pool on the Solana blockchain.

In the last week, the transaction volume for Pandora ERC-404 NFTs exceeded $70 million.

  • Pandora's owner base has grown by 75% to 1,217 in the last week, with the average holding period being about 0.11 days.

  • PANDORA's price surged by 126% over the past week as well and has increased by over 400% since its launch on Feb. 5.

  • Lookonchain analysts also observed large purchases of PANDORA by whales, including a transaction where a trader used 3.09 million USD Coin (USDC) to buy 136.08 PANDORA.

Cathie Wood, the CEO and CIO of ARK Invest, shared her opinions regarding the potential for the SEC to authorize ETFs for cryptos beyond just Bitcoin and Ethereum.

  • Cathie Wood stated on the Wall Street Journal’s podcast that she expects only Bitcoin and Ethereum ETFs to receive SEC approval.

  • SEC Chair Gary Gensler's classification of Bitcoin as a commodity has facilitated Bitcoin ETFs, while Ethereum and other cryptocurrencies remain in a regulatory grey area.

  • Despite the regulatory uncertainties, there's a lot of interest in expanding cryptocurrency ETFs to include other digital currencies like XRP.



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