Malicious USDG permit approvals used to drain Revenue users’ wallets in a coordinated attack
first published 2026-10-05T07:06:03Z
Security firm Salus reported that attackers used malicious permit signatures to gain unlimited USDG spending permission and then called transferFrom in the same transaction to drain user wallets. The stolen funds were split between two attacker addresses, and the pattern resembled a drainer revenue-sharing model. Revenue had also recently disclosed a social media compromise and temporarily suspended swaps while warning of unauthorized activity.
AI Analysis
The summary describes a wallet-draining scheme, stolen funds, and a recent compromise with swaps suspended, all of which are directly negative and immediately relevant to user safety and trading confidence.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: Significant
