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Crypto DeFi

Revenue Family exploited in permit phishing attack, USDG drained to two hacker addresses

The project Revenue Family, which bills itself as X Money’s off-ramp bridge, has been tied to a malicious approval exploit in which an attacker lured users into signing permit authorizations, obtained unlimited USDG allowances and called transferFrom in the same transaction to move funds out. Stolen funds were split 80/20 into two hacker addresses. The project said on October 1 that its social media 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 permit-phishing drain that combines unlimited approval and transferFrom in one transaction is a repeatable template, so the exposure is not confined to this project's users. That Revenue Family positions itself as an off-ramp bridge sharpens the point, since off-ramps sit at the boundary between on-chain and fiat value. The open questions are whether the compromised social accounts are connected to the exploit or a separate incident, and how the paused redemptions are resolved.

Generated by AI for reference only.

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