Ethereum Vulnerability Exploited to Drain $60 Million from Crypto Wallets
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Hackers have stolen over $60M in crypto by exploiting Ethereum's Create2 code to bypass security alerts when stealing private keys.
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The wallet drainers instantly generate temporary wallet addresses using Create2 to receive funds after users approve a malicious signature.
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Research estimates 99,000 victims have been affected and $60M stolen over 6 months.
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One group using Create2 has stolen $3M from 11 victims since August.
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Cryptocurrency hacks and exploits have been rampant lately, with Poloniex losing $114M and LastPass breach victims losing $4.4M.