Threat Actors Weaponize Smart Contracts to Drain User Crypto Wallets of More Than $900k

In a sophisticated campaign uncovered in early 2024, cybercriminals have begun distributing malicious Ethereum smart contracts masquerading as lucrative trading bots. These weaponized contracts leverage Web3 development platforms such as Remix to entice victims into deploying code that appears to execute arbitrage strategies, only to siphon deposited funds into attacker-controlled wallets. Instead of conducting legitimate […]

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