Angel Drainer targets users with malicious Safe contract: $403K stolen

The notorious phishing group deployed a nefarious Safe vault contract that used Etherscan to provide victims with a “false sense of security.”

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Notorious phishing group Angel Drainer has reportedly stolen over $400,000 from 128 crypto wallets through a new attack vector that has leveraged Etherscan’s verification tool to cover up the malicious nature of a smart contract.

The attack started at 6:40 am Feb. 12 when Angel Drainer deployed a malicious Safe (formerly Gnosis Safe) vault contract, wrote blockchain security firm Blockaid in a Feb. 13 post to X.

At total of 128 wallets then signed a “Permit2” transaction on the Safe vault contract, leading to $403,000 in funds being stolen.

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