🙈 Monkeys are COMING for your crypto and NFTs

Namaste, this is the doodhwala, we here to drop you to your crypto destination, and unlike an OLA or UBER cab driver, we don’t cancel 😇

Got your drip? Let’s start your trip:

• WATCH OUT for the Monkey Phish

• Where are all the crypto SCAMS happening?

• Still fresh doodh: The unicorn launches a METAVERSE!

• Milky Meme of the Day

🙈 WATCH OUT for the Monkey Phish

If you were a hacker, what would you call yourself?

Probably something cool like:

🐺 DarkWolf

💀 404StillAlive

👤 EncryptedShadow

🍼 Spoiled_Doodh_420

But this crypto hacker is calling himself — Monkey Drainer. That’s like Rajpal Yadav being an evil mastermind in a movie. 🤣

While the name is not-so-threatening, the actions are HELLA scary. 😨

In this week alone, Monkey Drainer stole $7 million (Rs 57 crore) in crypto!!

And he’s not sticking to just one crypto cuisine. This dude is like me at my friend’s wedding, loading up on EVERYTHING:

• fake airdrop

• fake NFT mints

• dubious Defi coins

And a lot more!

You’d think this guy would be using a RANGE of different techniques to scam these people.

But nope. He’s using a simple playbook.

All of his scams comprise of a simple 4 step approach!

1️⃣ Set up a fake giveaway

He posts this giveaway from a look-a-like Twitter account of something that is hot and trending. Last week it was Aptos, this week it was RTFTK.

Something like this 👇

2️⃣ Embeds a phishing link

In the giveaway tweet, he adds a “not so suspicious” link to the project right at the end.

And he makes sure to add a picture or GIF so that the link preview is not visible and Twitter does not hide the link.

To promote the link, the hacker spams a buncha bots to 🔁 Quote Tweet 🔁 the giveaway tweet.

3️⃣ User connects wallet (to mint NFT, receive airdrops)

Once the user lands on the website, they’re met with JUICY words like:

🤤 Free airdrop 🤤

💎 Claim your tokens 💎

👉 Mint your Gasless NFT 👈

And to get this — of course — you gotta connect your wallet.

4️⃣ Deploys BAD code

BAM!! The hacker deploys a code to process a bunch of transactions from their account to yours.

Some victims got a chance to access their account and reject outgoing transactions.

But most of them didn’t.

Here’s what was lost:

• $370,000 in crypto

• 14 NFTs (including 1 BAYC)

All of these are from over 7.4k transactions which were initiated from phishing sites and giveaway tweets.

💀

Our goal with the doodhwala is to keep you safe + surakshit and not fall for the Monkey Drainer.

So here are 15 COMMON MISTAKES that’ll get you scammed faster than you can cook a pack of Maggi Noodles 🍜

1. Click random links

2. Follow Bitboy’s advice

3. Send “Elon Musk” my Bitcoin

4. "Invest" in the best cOmmUniTy

5. Attempt to claim a shitcoin airdrop

6. Verify my wallet on a phishing site

7. Authorize a scammy smart contract

8. Buy $SQUID or $HORSE or $QUEEN

9. Send crypto on the wrong blockchain

10. Engage with "customer support" via DM

11. Provide liquidity for a 10,000% APY shitcoin

12. Use a recovery phrase not generated by YOU

13. Send crypto without triple checking the destination address

14. Google search a wallet/exchange and click on the first link presented

15. Panic after reading an email stating they were going to kill me if I don’t give them Bitcoin

🤤 Best thing to do in Hyderabad after eating Biryani

The fastest-growing decentralized cloud protocol is hosting an ELECTRIC event for the web3 degens. ⚡️

VCs, Creators, Builders, DevRels, Designers and Doodhwalas.

Everyone is going to be there. 🔥

Pitch your projects, meet other web3 nerds and best of all...eat some great food and drink some taaza doodh! 🥛

Register by clicking on the banner below and tell them doodhwala sent ya! 👇

🤨 Where are all the crypto SCAMS happening?

Scams are pretty rampant in crypto.

And they are happening faster than YouTuboors and threadoors can talk about it. 🥲

And we at the doodhwala know quite a bit about scams. 😎

I mean…look at our past few editions:

• 🤝 How this scammer got scammed

• 📱 We received a SCAM message

• 🔥 The Tinder Swindler Of Crypto

But on which chain are most of these scams actually happening?

Is it on Vitalik bhai’s Ethereum, Tanmay Bhat’s fav Solana or some other chain?

The answer is pretty pretty pretty interesting.

It’s one of the most decentralized chains with a whopping 21 validators (lol)

It’s the BNB chain. 🥶

According to a report by Solidus Labs, BNB Chain has around 1.5 lakh scam contracts deployed since August 2020, and Ethereum is in second place with 13.5k scam contracts.

One of the biggest scams or rug pulls on the BNB Chain was the fall of the infamous $SQUID which cost investors around $3 million and gave us the chart drop of the decade 👇

But why are so many scams happening on BNB? 🤷‍♂️

Although the report does not talk about it, the incredibly smart team at the doodhwala can take a few guesses.

• BNB chain has super cheap gas fees (Its cheap to spin up contracts) 💰

• It is one of the older L1 chains (More people have been using it for a longer time) ⚡️

• Fully permissionless infrastructure (Anyone can deploy anything) 🤝

With $5.6 billion locked up on the chain, which is 10% of the overall DeFi TVL, it seems like it’s pretty easy to create contracts that aren’t fully verified, quickly collect investor funds and sprint away.

But don’t worry, the doodhwala will send a WeChat message to CZ and get his whole thing sorted.

Just like how they “sorted out” a $100 million exploit of the BNB chain by reaching out to the 21 validators and kindly requesting them to pause the chain. 🤗

🦄 Still fresh doodh: The unicorn launches a METAVERSE

They say a week-old doodh is bad.

We say, a week-old doodh from the doodhwala is action-packed!

In case you missed out because of your bizzeee bizzeee week, check out these still taaza but still unfunny news from ⏮ week:

✍️ There’s a Discord server to find Do Kwon, and they’ve narrowed down this location!✍️ ETH miners are BACK even after the MERGE, and they’re growing like crazy!✍️ Flipkart is launching a metaverse, but only for 2 kinda people!

🤝 ICYMI: We’re the official newsletter partner for Metamorphosis 2022, a BANGER web3 event in BLR on Nov 19-20.

If you’re in town, we’ll show you around and get you the best doodh!

🤭 Milky Meme Of The Day

Crypto absolutely likes no suits 😎

If you want more doodh then, be sure to follow our Twitter (@DoodhwalaDaily)

That’s all for today bhaiyo aur bheno! Naale Sigona!

Aakash "Dahi Cheeni" Athawasya & Arvind "Doodh Peda" Krishna

Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer.

None of what you read here is financial advice. We aren’t here to get you to buy or sell a crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.