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Crypto DeFi

Salus Flags Revenue Family for Malicious Permit Draining Users’ USDG

Security firm Salus said the project Revenue Family, which presents itself as an X Money off-ramp, executed malicious approvals by submitting users’ permit signatures to obtain unlimited USDG allowances, then calling transferFrom in the same transaction to move funds to two hacker addresses split 80/20. Revenue Family said on October 1 that its social accounts had been taken over by an internal reviewer, paused redemptions and denied that REV was its official token.

Original source

AI take

The mechanics matter more than the branding: a single transaction combining permit signatures with transferFrom suggests a gas-efficient drainer that bypasses the usual two-step approval warning signs, which is a harder pattern for users to spot. The project's own response — claiming account takeover, pausing redemptions and disowning REV — is the familiar deflection playbook, and it leaves the actual custody question unanswered. Whether the paused redemptions resume, and whether any funds are traced or recovered, is the open question.

Generated by AI for reference only.

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