Hackers Farm EigenLayer Points

🤔 New Crypto Attack: Restake Farming Alert

Novel Attack Technique: Angel Drainer group is exploiting the restaking protocol, EigenLayer, to drain wallets using a unique approval farming attack.

Attack Mechanism Explained: Attackers use a queueWithdrawal transaction, which most security tools don't recognize, allowing unauthorized withdrawals.

Preventive Measures: Blockaid is implementing fixes for all enabled wallets and advises contacting them for protection against this attack. Read More.

️ On today's Top Picks:

  1. 📝 Polygon lays off 19% of its staff.
  2. 🌌 Wormhole introduces Wormhole ZK.
  3. 🪂 AltLayer airdrop for Celestia stakers.
  4. 💰 Clusters raises $9M in Seed funding.

Read time: ⏰ 5 minutes


Crypto News


• ⭐️ Polygon lays off 19% of its staff citing, “for the sake of enhanced performance, rather than for financial reasons.”

Celsius distributes $3B in crypto, fiat, and Ionic Digital stocks to creditors.

Genesis pays $21M to SEC as it settles lawsuit over Gemini Earn program.

OPNX exchange to shut down as users are advised to withdraw funds by February 14th.

ByBit submits license application to operate its platform in Hong Kong.

Andrew Tate proposes launching his own cryptocurrency.

Alpha


Puffer Finance Crunchy Carrot Quest Chapter 2 enabling deposits is live.

Taiko launches Deciphering BCR campaign on Galxe.

• ⭐️ Wormhole introduces Wormhole ZK, an endgame for blockchain interoperability.

Namada Shielded Expedition is live.

Farcaster sign-ups are FREE for several countries.

DeBank launches Mantle $MNT Airdrop Hunter Web3 Badge.

Airdrops


• ⭐️ AltLayer $ALT airdrop for Celestia $TIA stakers revealed.

Forge airdrop strategy by Earndrop.

Aevo announces details regarding $AEVO, farming program, and airdrop.

Shardeum $SHM Aidrop phase 1 details released.

Avantis potential airdrop by Alpha Drops.

Finance News


US Federal Reserve keeps interest rates unchained at 5.25% - 5.50%.

US Unemployment Rate in January at 3.7%, better than expected at 3.8%.

Marathon Digital $MARA agrees to pay Hut 8 $HUT $13.5 million termination fee.

Zoom $ZM to cut 150 jobs citing it regularly evaluates its teams to ensure alignment with its strategy.

Okta $OKTA to lay off 400 employees amid high costs.

Security and Exploits


• ⭐️ Blockaid discovers emerging attack by Angel Drainer targeting EigenLayer restakers.

Binance freezes stolen $XRP worth $4.2M in collaboration with ZachXBT and Ripple team.

RevokeCash adds support for ZetaChain Mainnet.

Token Unlocks


• Nym / 45.63M $NYM / ~$9M / FEB 02
• Sui / 34.62M $SUI / ~$54M / FEB 02
• Liquity / 657.35K $LQTY / ~$828K / FEB 04
• Galxe / 5.18M $GAL / ~$9M / FEB 04


Funding


CUBE, a hybrid crypto exchange; raises $12M in Series A funding led by 6th Man Ventures.

• ⭐️ Clusters, a crosschain name service; raises $9M in Seed funding.

Pixelmon, a decentralized gaming project; raises $8M in Seed funding.

Squid, a crosschain protocol powered by Axelar; raises $4M in Strategic funding led by Polychain Capital.

Velar, a Bitcoin liquidity protocol; raises $3.5M in funding.

Hivello, a DePIN company; raises $1.5M in funding.

MON Protocol, an IP governance protocol; raises an undisclosed amount in Strategic funding.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Aerodrome logoAerodrome (Base)DOLAUSDC77.57%
Notional V3 logoNotional V3 (Arbitrum)NUSDT62.63%
Beefy logoBeefy (Arbitrum)MIMARBUSDCEUSDT55.94%
Abracadabra logoAbracadabra (Arbitrum)MIMUSDCUSDT49.86%
Vela Exchange logoVela Exchange (Arbitrum)USDC43.80%
Solv Funds logoSolv Funds (Arbitrum)USDT42.12%
Turbos logoTurbos (Sui)USDTUSDC33.82%
Jones DAO logoJones DAO (Arbitrum)JUSDC31.30%
. . .

+$600,000,000 in airdrops was lost

Don't you hate it when you qualify to an airdrop but it's already expired and can't be claimed?

Coming in: Earndrop is a cryptocurrency airdrops finder.

Paste your wallet and the site will show you if you have anything to claim!

With a free account, you also get email alerts when your wallets are eligible to claim something new.

🪂 Don't miss any more airdrops →

. . .

That’s it for today’s edition! See you soon.

Reply

or to participate.