🚨 REVENUE FAMILY FACES FRAUD ACCUSATIONS OVER MALICIOUS PERMISSIONS AND DRAINING OF USDG ⚠️🛡️
A security flaw in the alleged X Money withdrawal bridge exposes users to the loss of funds through unlimited authorization signatures.
Key points of the security incident:
🔐 Permit Exploitation: The attackers tricked users into granting unlimited USDG approvals and executed transferFrom in a single block.
💸 Splitting the loot: The stolen funds were redirected directly to two hacker addresses in a split 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 theirs.
Do you regularly review the approvals and permissions of your Web3 wallets using contract revocation tools?
💬👇 I’d love to hear your thoughts in the comments!
#CryptoNews #BinanceSquare #XMoney #RevenueFamily #CryptoCommunity $BTC $BNB $ETH