Innovative Ethereum feature exploited as victims say goodbye to assets
Check Point specifically cites the growth of attacks that abuse Ethereum's CREATE2 opcode, dubbing it a"critical issue in the blockchain community" that's seeing millions of dollars worth of assets being drained from victims' wallets.
One of its key capabilities is being able to deploy smart contracts to pre-determined addresses, making the entire process more predictable for the blockchain when dealing with multiple contract interactions across the ecosystem of decentralized applications. Of course, this requires some social engineering hijinkery to pull off, but we've all heard about the real-life scam stories that sound too wild to be true, but are. This attack works, and has facilitated huge single-transaction scams in recent times.
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