Threat Actors Exploit Smart Contracts to Drain Over $900K from Crypto Wallets

SentinelLABS has exposed a sophisticated series of cryptocurrency scams where threat actors distribute malicious smart contracts masquerading as automated trading bots, resulting in the drainage of user wallets exceeding $900,000 USD. These scams leverage obfuscated Solidity code deployed on platforms like the Remix Solidity Compiler, targeting Ethereum-based ecosystems. The campaigns, active since early 2024, employ […]

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