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How to Sell Your Tokens Using a Smart Contract on a Decentralized Exchange


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Table of Contents

Introduction

Selling tokens using a smart contract on a decentralized exchange is an important topic in the cryptocurrency space. In this blog, we will explore the benefits of using a smart contract for token sales and discuss the role of decentralized applications and bots in the industry.

Smart contracts offer several advantages when it comes to token sales. Firstly, they provide transparency and security by eliminating the need for intermediaries. Transactions are recorded on the blockchain, ensuring immutability and preventing fraud.

Decentralized applications, or DApps, are an integral part of the cryptocurrency ecosystem. These applications run on the blockchain and offer various functionalities, including token exchanges. Bots, on the other hand, are automated programs that can interact with decentralized exchanges and execute trades on behalf of users.

In this blog, we will guide you through the process of selling tokens using a smart contract on a decentralized exchange. We will explain the steps involved and provide instructions on how to navigate the process. Whether you already have a bot or want to learn how to sell tokens while you sleep, this blog will equip you with the necessary knowledge.

Overview of Decentralized Swaps

Decentralized swaps, such as PancakeSwap and Uniswap, provide a traditional method for exchanging tokens. These platforms eliminate the need for intermediaries, allowing users to trade directly with each other.

When using decentralized swaps, it is important to know the smart contract version, specifically V2 for token sales. This information can usually be found in the documentation provided by the swap platform.

Another crucial aspect of using decentralized swaps is finding the smart contract address. This address is unique to each token and is required to initiate the swap transaction. The smart contract address can be found in the documentation or when creating liquidity for the token.

Liquidity token creation is automatically processed by the smart contract. This means that when you provide liquidity for a token, the smart contract automatically generates liquidity tokens in return. These liquidity tokens represent your share of the token's liquidity pool.

Function 1: Selling Tokens

Now that we have covered how to buy tokens using a smart contract on a decentralized exchange, let's explore the process of selling tokens.

Step-by-Step Instructions

Follow these step-by-step instructions to sell tokens using a smart contract:

  1. Enter the exact quantity of tokens you want to sell. Make sure to include the decimal value if necessary. For example, if you want to sell one token that has 18 decimal places, you would enter 1.18.
  2. Calculate the minimum amount of Ethereum you will receive for the tokens you are selling. It is important to carefully consider this amount before proceeding.
  3. Input the token address of the token you are selling. This address can usually be found in the documentation provided by the decentralized exchange or when creating liquidity for the token.
  4. Provide the wrapped cryptocurrency address that you would like to receive in exchange for your tokens. This address can also be found in the smart contract documentation or by reading the smart contract itself.
  5. Choose the recipient address for the transaction. This can be your own address or any other address you prefer. If you are using a bot or a decentralized application, the recipient address may be automatically set.
  6. Set the transaction duration in seconds. This determines how long the transaction will be valid for. It is advisable to set a reasonable duration, taking into account network congestion and other factors.

Significance of Entering the Correct Token Quantity and Decimal Value

Entering the correct token quantity and decimal value is crucial for accurate token sales. Tokens can have different decimal places, and failing to include the correct decimal value can result in incorrect calculations and transactions. It is important to refer to the token's documentation or other reliable sources to determine the correct decimal value.

Importance of Calculating the Minimum Amount of Ethereum Received

Calculating the minimum amount of Ethereum you will receive for the tokens you are selling is essential for making informed decisions. This calculation allows you to determine if the transaction is financially feasible and helps you set realistic expectations for the outcome of the sale. It is recommended to carefully consider this amount before proceeding with the transaction.

Demonstrating Input of Token Address and Wrapped Cryptocurrency Address

Inputting the token address and the wrapped cryptocurrency address is a crucial step in selling tokens. These addresses ensure that the transaction is initiated correctly and that the tokens are exchanged for the desired cryptocurrency. It is important to double-check the addresses to avoid any errors and ensure a smooth transaction process.

Choice of Recipient Address and Transaction Duration

When selling tokens, you have the flexibility to choose the recipient address for the transaction. You can specify your own address or another address of your choice. It is important to consider the security and reliability of the chosen address. Additionally, setting the transaction duration determines how long the transaction will remain valid. It is advisable to set a duration that allows for sufficient processing time while considering network congestion and other factors.

Function 2: Swapping Tokens

Swapping tokens using a smart contract on a decentralized exchange is a simple process that can be done following these step-by-step instructions:

  1. Enter the desired quantity of tokens you want to sell, including any decimal places. For example, if you want to sell 1 token with 18 decimal places, enter 1.18.
  2. Calculate the minimum amount of Ethereum you will receive for the tokens you are selling. It is important to carefully consider this amount before proceeding.
  3. Input the token address of the token you are selling. This address can be found in the documentation provided by the decentralized exchange or when creating liquidity for the token.
  4. Provide the wrapped cryptocurrency address that you would like to receive in exchange for your tokens. This address can also be found in the smart contract documentation or by reading the smart contract itself.
  5. Choose the recipient address for the transaction. This can be your own address or any other address you prefer. If you are using a bot or a decentralized application, the recipient address may be automatically set.
  6. Set the transaction deadline in seconds. This determines how long the transaction will be valid for. It is advisable to set a reasonable duration, taking into account network congestion and other factors.

By following these steps, you can easily swap your tokens for Ethereum using a smart contract on a decentralized exchange. It is important to double-check all the information you input to ensure a smooth and successful transaction.

Approving the smart contract to spend your tokens is a significant step in the process. This approval allows the smart contract to interact with and transfer your tokens during the swap. It is important to review the details of the smart contract and ensure its authenticity before giving approval.

When entering the token and wrapped cryptocurrency addresses, it is crucial to copy and paste the addresses accurately. Any errors in the addresses could result in the loss of your tokens or the failure of the transaction. Take the time to carefully verify the addresses before proceeding.

Choosing the recipient address gives you control over where the swapped cryptocurrency will be sent. You can choose to send it to your own address or to another address of your choice. Consider the security and reliability of the chosen address before finalizing the transaction.

Setting the transaction deadline allows you to determine how long the transaction will be valid for. It is important to consider factors such as network congestion and processing times when setting the deadline. Choosing a reasonable duration will ensure that the transaction is completed in a timely manner.

Benefits of Using Smart Contracts

Smart contracts offer numerous benefits when it comes to token sales and trading on decentralized exchanges. Here are some advantages:

Advantages of Using Smart Contracts for Token Sales

  • Transparency and Security: Smart contracts eliminate the need for intermediaries, ensuring that token sales are recorded on the blockchain, providing transparency and security.
  • Immutability and Fraud Prevention: Transactions recorded on the blockchain through smart contracts are immutable, preventing fraud and ensuring the integrity of the token sale process.

Automation and Efficiency Provided by Smart Contracts

  • Streamlined Processes: Smart contracts automate the execution of token sales, eliminating manual processes and reducing the risk of errors or delays.
  • Efficient Transactions: By removing intermediaries, smart contracts enable direct peer-to-peer transactions, increasing efficiency and reducing transaction costs.

Security and Transparency on Decentralized Exchanges

  • Decentralized exchanges leverage smart contracts to enable secure and transparent token trading without the need for a central authority.
  • Trustless Transactions: Smart contracts ensure that transactions on decentralized exchanges are executed without the need for trust in a single party, enhancing security and reducing counterparty risk.

Potential Concerns and Risks

While smart contracts offer various benefits, it is essential to be aware of potential concerns or risks:

  • Smart Contract Vulnerabilities: Smart contracts are susceptible to bugs or vulnerabilities, which can be exploited by malicious actors. It is crucial to conduct proper code audits and security assessments.
  • User Error: Incorrect input or wrong parameter values can lead to unintended consequences or financial losses. Users must carefully review and verify the information they provide when interacting with smart contracts.

Integration with Decentralized Applications and Bots

The knowledge of selling tokens using smart contracts can be integrated into decentralized applications and bots, offering various benefits in the process.

Automating Token Sales Using Bots

Bots can automate the process of token sales on decentralized exchanges, allowing users to buy and sell tokens even while they sleep. This automation can be beneficial for traders as it eliminates the need for constant monitoring of token prices and allows for quick and efficient transactions.

The Importance of Attention and Vigilance

Dealing with volatile tokens requires attention and vigilance. While automated token sales can be convenient, it is essential to stay informed about market conditions and monitor the performance of the tokens being traded. This knowledge helps traders avoid potential risks and make informed decisions.

The Future Relevance of Knowledge in Creating Decentralized Applications

The knowledge of selling tokens using smart contracts will be increasingly relevant in the future as the adoption of decentralized applications continues to grow. By understanding the process of token sales and integration with decentralized exchanges, developers can create innovative applications that leverage the benefits of blockchain technology.

Conclusion

In this blog, we explored the process of selling tokens using a smart contract on a decentralized exchange. We discussed the advantages of using smart contracts for token sales, including transparency, security, immutability, and fraud prevention. We also highlighted the benefits of automation and efficiency provided by smart contracts, as well as the security and transparency offered by decentralized exchanges.

We provided step-by-step instructions for selling tokens using a smart contract, emphasizing the importance of entering the correct token quantity and decimal value, calculating the minimum amount of Ethereum received, and correctly inputting the token and wrapped cryptocurrency addresses. We also mentioned the significance of choosing the recipient address and setting the transaction duration.

We then discussed the process of swapping tokens using a smart contract, highlighting the importance of attention and vigilance when dealing with volatile tokens. We emphasized the relevance of this knowledge in creating decentralized applications and automated bots.

In conclusion, we encourage readers to apply the knowledge gained in their cryptocurrency endeavors. Selling tokens using smart contracts on decentralized exchanges offers numerous benefits and can be a valuable skill in the growing cryptocurrency ecosystem. We invite readers to like, subscribe, and join our Telegram channel for more cryptocurrency-related content and stay updated on the latest developments in the field.

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FAQ

Addressing Common Questions Related to Selling Tokens Using Smart Contracts

As you navigate the process of selling tokens using smart contracts on decentralized exchanges, you may have some common questions. Here, we address those frequently asked questions to provide clarity and guidance.

1. What are the transaction fees associated with selling tokens using smart contracts?

Transaction fees vary depending on the network you are using and the current network congestion. When selling tokens using smart contracts, you will need to pay gas fees to cover the cost of executing the transaction on the blockchain. Gas fees ensure the security and timely processing of your transaction.

2. Is the process compatible with different decentralized exchanges?

Yes, the process of selling tokens using smart contracts is compatible with different decentralized exchanges. However, it is crucial to ensure that the smart contract address and version align with the specific exchange you are using. Different exchanges may have different smart contract versions, so it is important to check the documentation or contact the exchange for the correct information.

3. Are there any security concerns when using smart contracts to sell tokens?

While smart contracts provide transparency and security, it is essential to exercise caution and be aware of potential risks. Smart contracts can be vulnerable to bugs or vulnerabilities, which can be exploited by malicious actors. It is crucial to conduct proper code audits and security assessments to minimize these risks. Additionally, always verify the addresses and information you input to ensure the accuracy of the transaction.

4. What are some common issues that may arise when selling tokens using smart contracts?

Some common issues that may arise include incorrect input of token quantity or decimal value, errors in token or wrapped cryptocurrency addresses, and setting an inappropriate transaction duration. These issues can lead to unintended consequences or delays in the transaction process. It is important to double-check all the information you provide and ensure its accuracy.

5. Can I troubleshoot common issues myself?

If you encounter any issues while selling tokens using smart contracts, there are several troubleshooting steps you can take. First, review the instructions and double-check all the information you have entered. Verify the token quantity, decimal value, addresses, and transaction duration. If the issue persists, reach out to the decentralized exchange's support team for assistance. They can provide further guidance and help resolve any technical issues.

6. Where can I go for further assistance or clarification?

If you need further assistance or clarification, don't hesitate to reach out to the decentralized exchange's support team. They have the expertise to answer your specific questions and provide guidance tailored to your situation. Additionally, you can join online forums or communities dedicated to cryptocurrency and smart contract discussions. Engaging with knowledgeable individuals can help you expand your understanding and find solutions to any challenges you may encounter.

Remember, selling tokens using smart contracts on decentralized exchanges offers numerous benefits, but it's important to stay informed and exercise caution throughout the process. If you have any questions or concerns, reach out for assistance to ensure a smooth and successful token sale.

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      Table of Contents
      Introduction Breakdown of Trades Understanding the System Applying the System Future Developments How to Participate Conclusion FAQ  
        Introduction
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      Explanation of the indicators and moving averages used
      The trend line helped identify the overall direction of the price movement, while support and resistance levels indicated key areas where the price might reverse. The moving averages (20, 50, and 200 EMA) acted as dynamic support and resistance levels, providing additional confirmation of the trend.
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      Discussion of trend following and take profit levels
      The trading strategy used in these trades was trend following. The trader aimed to enter trades in the direction of the trend and take profit as the price continued in that direction. By following the trend, the trader was able to secure profits over time.
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      Review of the second trade on LTC and its quick execution
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      Importance of Economic Events in Trading Decisions
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      Traders need to stay informed about upcoming economic events and understand how they might impact the market. By keeping track of these events and analyzing their potential effects, traders can make more informed trading decisions and adjust their strategies accordingly.
      Insights into Risk Management and Win Rate
      Risk management is a crucial aspect of any trading system. Traders need to manage their risk by setting stop-loss orders and determining their risk tolerance. This involves carefully calculating position sizes and setting realistic profit targets.
      Win rate, which refers to the percentage of winning trades, is also an important factor to consider. A high win rate can contribute to overall profitability, but it is important to strike a balance between win rate and risk-reward ratio. Traders need to maintain a consistent win rate and ensure that their winning trades outweigh their losing trades.
      By understanding the system behind live crypto trading, including trend analysis, volatility during the New York session, the impact of economic events, and the importance of risk management and win rate, traders can make more informed trading decisions and increase their chances of success in the market.
      Applying the System
      Now that we have discussed the breakdown of the trades and the strategies used, let's explore how to apply this system to your own trading.
      Example trade on Ethereum and its execution
      One of the trades we executed was on Ethereum. We followed the trend and used moving averages as confirmation. By entering the trade just below the entry point, we were able to secure a profit of around $4,000 in just a few hours. The key here is to identify the trend, use the right indicators, and execute the trade at the right time.
      Dollar cost averaging and risk profile
      A key component of this system is dollar cost averaging (DCA). This strategy involves buying more shares or units as the price goes down, lowering the average cost of the investment. By gradually adding to losing positions, you reduce the risk profile of the trade. However, it is important to be meticulous and calculate position sizes to determine your risk tolerance.
      Explanation of gradual profit withdrawal strategy
      In order to take profits out of the system, a gradual profit withdrawal strategy can be implemented. By taking a fixed percentage of the profits on winning trades, you can gradually increase your profitability over time. For example, taking 25% of the profits on each winning trade allows for consistent growth while still maintaining a high win rate. This strategy is still being developed and refined, with the goal of potentially automating the process.
      Importance of discipline and attention to detail
      One of the most important aspects of successful trading is discipline and attention to detail. It is crucial to follow your trading system consistently and pay attention to the small details that can make a difference in your trades. Successful traders are meticulous in their approach and have a structured process that they follow rigorously.
      Remember, trading is not about finding a magical solution or relying on luck. It is about having a disciplined structure, refining your process, and paying attention to meticulous details. By understanding the system, applying dollar cost averaging, implementing a gradual profit withdrawal strategy, and maintaining discipline, you can increase your chances of success in the market.
      Future Developments
      As we continue to revolutionize retail trading, we have some exciting developments planned for 2024. Here's a teaser of what's to come:
      Full Automation: We are working towards achieving full automation in our trading system. This means that trades will be executed automatically based on pre-set criteria, eliminating the need for manual intervention. This will enhance the trading experience and make it more efficient for our community. Fixed Percentage Profit Withdrawals: We are currently developing a system that will allow for fixed percentage profit withdrawals. This means that traders will be able to take a predetermined percentage of their profits on winning trades. This strategy aims to gradually increase profitability over time while maintaining a high win rate. We believe that this approach will provide consistent growth for our traders. Free Trades in the Discord Community: Starting in 2024, we will be offering some of our trades for free in our Discord community. This will allow traders to participate in our trades and learn from our strategies without any financial commitment. It will be a great opportunity to experience live crypto trading and gain valuable insights. If you're interested in staying updated on these developments and joining our amazing trading community, we encourage you to join our Discord. In our Discord community, you'll have access to trade alerts, learning resources, and a supportive community of traders.
      We are excited about the future of retail trading and look forward to sharing these developments with you. Together, we can achieve financial success in the crypto market.
      How to Participate
      Are you interested in joining our live crypto trading community and participating in trade alerts? Here's how you can get involved:
      Explanation of the Discord community and trade alerts
      Join our Discord community to stay connected with us and receive trade alerts. We provide real-time updates on the trades we execute, including the exact entry and exit points, as well as the thought process behind each trade. This allows you to follow along and learn from our strategies.
      Access to trade ideas and participation in alerts
      Once you join our Discord community, you will have access to trade ideas and alerts in the public trading and analyst tab. We share the specific criteria for each trade, and you can participate by inputting the necessary information into the provided tools. However, please note that this information is for educational purposes only and should not be considered financial advice.
      Disclaimer about the information not being financial advice
      It's important to understand that the trade alerts and information we provide are not financial advice. We are sharing our strategies and trades for educational purposes and to help you learn from our experiences. It's crucial to conduct your own research, consider your risk tolerance, and make informed trading decisions.
      Promotion of other learning resources and community support
      In addition to trade alerts, our Discord community offers a wealth of learning resources and a supportive environment. You can find valuable tools, such as the TCL Max, and access other free learning materials. Engage with the community, ask questions, and learn from experienced traders to enhance your trading skills.
      By participating in our community and utilizing the resources available, you can gain insights into live crypto trading, learn from our strategies, and improve your trading abilities. Remember, trading requires discipline, attention to detail, and constant learning. Take advantage of our community and embark on a journey towards financial success.
      Conclusion
      In conclusion, the live crypto trading experience has demonstrated the effectiveness of our strategies and the potential for substantial profits. Through careful analysis, trend following, and strategic entry and exit points, we were able to achieve a 100% win rate and generate significant returns.
      We encourage you to engage in the comments section to share your thoughts, ask questions, and learn from our experiences. Our trading community is filled with knowledgeable individuals who can provide valuable insights and support.
      We want to express our gratitude to all our viewers and subscribers for their continued support. Your engagement and participation inspire us to continue sharing our trading strategies and insights.
      If you found this blog helpful and informative, we invite you to watch our next video for more live crypto trading and strategies. Stay updated on the latest trading and investing insights by subscribing to our channel and following us on social media.
      Join us in revolutionizing retail trading and embark on a journey towards financial success in the crypto market. Together, we can achieve great things.
      FAQ
      Answers to frequently asked questions about the trading system
      What is the win rate of the trading system? The win rate of the trading system is currently 100% for the trades discussed in this video. However, it's important to note that win rates can vary and it's crucial to maintain a high win rate in order to be profitable in the long run. What is dollar cost averaging (DCA) and how does it work? Dollar cost averaging is a strategy that involves buying more shares or units as the price goes down, lowering the average cost of the investment. This strategy allows traders to gradually add to losing positions and reduce the risk profile of the trade. By gradually adding to positions, traders can lower the price at which the instrument needs to reach in order to make a profit. What is the gradual profit withdrawal strategy? The gradual profit withdrawal strategy involves taking a fixed percentage of the profits on winning trades. For example, taking 25% of the profits on each winning trade allows for consistent growth while maintaining a high win rate. This strategy aims to gradually increase profitability over time. Explanation of key concepts and strategies
      What is trend analysis and how does it work? Trend analysis is an important part of the trading system. Traders analyze trends in the price movement of cryptocurrencies to identify potential trading opportunities. By analyzing trends, traders can determine the direction in which the price is likely to move and make informed trading decisions. What is the impact of the New York session on volatility? The New York session, which opens at around 8:00 AM EST, often brings increased volatility to the crypto market. This is because the New York Stock Market has a significant influence on global markets, including cryptocurrencies. Traders need to be aware of this volatility and adjust their trading strategies accordingly. What is the importance of economic events in trading decisions? Economic events, such as interest rate decisions and GDP growth rates, can have a significant impact on the crypto market. Traders need to stay informed about upcoming economic events and understand how they might influence the market. By analyzing the potential effects of these events, traders can make more informed trading decisions. What is risk management and why is it important? Risk management is a crucial aspect of any trading system. Traders need to manage their risk by setting stop-loss orders and determining their risk tolerance. By carefully calculating position sizes and setting realistic profit targets, traders can minimize potential losses and protect their capital. Tips for beginners and managing risk
      What tips do you have for beginners in live crypto trading? For beginners in live crypto trading, it is important to start with a disciplined structure and follow a well-defined trading system. Pay attention to the small details and constantly refine your process. It is also crucial to manage risk by setting appropriate stop-loss orders and determining your risk tolerance. How can traders manage risk in their trades? Traders can manage risk by setting stop-loss orders to limit potential losses. It is important to calculate position sizes based on risk tolerance and set realistic profit targets. By maintaining a consistent win rate and ensuring that winning trades outweigh losing trades, traders can effectively manage risk and increase their chances of success. Resources for further learning and development
      What resources are available for further learning about live crypto trading? In addition to the information shared in this video, there are several resources available for further learning about live crypto trading. Joining the Discord community mentioned in the video provides access to trade alerts, learning resources, and a supportive community of traders. Engaging with the community, asking questions, and learning from experienced traders can greatly enhance trading skills. Where can traders find additional learning materials and tools? Traders can find additional learning materials and tools within the Discord community. The community offers a wealth of resources, including the TCL Max tool, which can assist with trade ideas. Taking advantage of these resources and engaging with the community can help traders improve their trading abilities.
         1 comment
      So, this little article is sparked by a ton of questions about how invites work in channels. Today, we're diving into all the possible answers to that question.
      How do you invite more than 200 initial users to a channel?
      YOU CAN'T, LIKE, AT ALL!!! Well, that's pretty much the gist of it...
      Okay, technically you can't do it now, but there used to be this thing where you could ban and unban users to boost numbers. That bug's long gone, though.
      BUT! What if you find yourself in a channel with over 200 members without subscribing? Let's look at how you might have ended up there:
      You were invited before the channel hit 200 members, then they just cranked up the numbers. You clicked to join a channel that requires approval. The thing is, you can sit in the approval queue for weeks, and then they'll just approve everyone at once. Some channels even sell this service separately. The channel you were subscribed to got taken over and flooded with new posts. So those are the ways you might end up in random channels. As you can see, no magic involved.
      As for known bugs in channel adds, there's no data or mentions of any. All investigations have consistently pointed to these three scenarios
         2 comments
      Understanding Malware-as-a-Service (MaaS) Information Stealers
      The Malware-as-a-Service (MaaS) model offers aspiring cybercriminals a cost-effective and relatively simple means to execute advanced cyber attacks and achieve their malicious objectives. Among these services are information stealers, which focus on extracting and exfiltrating sensitive data—such as login credentials and financial details—from compromised devices, potentially causing significant financial damage to both individuals and organizations.
      What is the Lumma Information Stealer?
      The Lumma information stealer, which has been marketed and sold on various dark web forums since 2022, exemplifies this type of MaaS. Lumma specifically targets cryptocurrency wallets, browser extensions, and two-factor authentication (2FA) mechanisms, ultimately siphoning sensitive information from infected systems. The distribution of Lumma on dark web platforms is increasing, with over a dozen command-and-control (C2) servers detected in the wild.
      From January to April 2023, Darktrace monitored and analyzed several instances of Lumma activity across its client base. Leveraging its anomaly-based threat detection, Darktrace DETECT™ effectively identifies and provides insight into activities related to such info-stealers, from C2 operations to the exfiltration of sensitive data.
      Background on Lumma Stealer
      Previously known as LummaC2, the Lumma stealer is a subscription-based information theft tool that has been active since 2022. It is believed to have been created by the threat actor “Shamel,” using the alias “Lumma.” The stealer is marketed on dark web forums and through a Telegram channel with over a thousand subscribers as of May 2023. It is also available on Lumma’s official sales page for as low as $250.

      Emergence of Lumma Stealer in the Russian Market
      Research into the Russian market for stolen credentials has identified Lumma stealer as a notable emerging threat since early 2023. Lumma has joined the ranks of rising info-stealers, alongside other threats like Vidar and Racoon [1].
      Like other info-stealers, Lumma can extract data from compromised systems, including system and application information, as well as sensitive data such as cookies, usernames, passwords, credit card numbers, browsing history, and cryptocurrency wallet details.
      From January to April 2023, Darktrace observed Lumma malware activity across multiple customer environments, primarily in the EMEA region but also in the US. This activity involved data exfiltration to external endpoints associated with Lumma malware, likely originating from trojanized software downloads or malicious emails containing Lumma payloads.
      Lumma Attack Methods and Darktrace Detection
      Lumma is often distributed disguised as cracked or fake versions of popular software like VLC or ChatGPT. More recently, threat actors have also used emails with attachments or links pretending to be from well-known companies to deliver the malware. For instance, in February 2023, a South Korean streamer was targeted by a spear-phishing email that mimicked the video game company Bandai Namco [4].
      Lumma primarily targets Windows operating systems (Windows 7 to 11) and at least ten different browsers, including Google Chrome, Microsoft Edge, and Mozilla Firefox [5]. It also targets cryptocurrency wallets such as Binance and Ethereum, as well as crypto wallet and 2FA browser extensions like Metamask and Authenticator [6]. Additionally, the malware can exfiltrate data from applications like AnyDesk and KeePass [7].
      Infection with Lumma can lead to fraudulent use of the stolen credentials, potentially resulting in significant financial losses, such as bank account hijacking.
      Once the targeted data is captured, it is exfiltrated to a C2 server. Darktrace has detected this process in multiple affected environments. Through Darktrace DETECT, instances of data exfiltration via HTTP POST requests to known Lumma C2 servers were identified. During these connections, DETECT frequently noted the URI “/c2sock” and the user agent “TeslaBrowser/5.5”.
      In one case, Darktrace flagged a device using the “TeslaBrowser/5.5” user agent, which was new for the device, making an HTTP POST request to an unusual IP address, 82.117.255[.]127 (Figure 3). Darktrace’s Self-Learning AI recognized this as a deviation from expected behavior and alerted the customer’s security team.

       
      A detailed analysis of the packet captures (PCAP) from HTTP POST requests on one device confirmed that various types of data were being exfiltrated from the customer's network. This included browser data, such as Google Chrome history files, system information stored in a System.txt file, and program data like AnyDesk configuration files.
       


      Additionally, Darktrace identified malicious external connections on a particular device that were associated with other malware strains, such as Laplas Clipper, Raccoon Stealer, Vidar, and RedLine info-stealers, alongside the Lumma C2 connections. These info-stealers are commonly offered as Malware-as-a-Service (MaaS) and can be purchased and deployed by even relatively inexperienced threat actors. It is also likely that the developers of these info-stealers are working to integrate their malware into the activities of traffer teams [8], organized cybercrime groups specializing in credential theft.
      Conclusion
      Reflecting the broader trend of increasing information stealers in the cyber threat landscape, Lumma stealer remains a significant threat to both organizations and individuals.
      As another example of MaaS, Lumma is easily accessible for threat actors, regardless of their expertise, which is likely to lead to a rise in incidents. Consequently, it is crucial for organizations to implement security measures that can detect unusual behavior indicative of an info-stealer compromise, rather than relying solely on static indicators of compromise (IoCs).
      Darktrace DETECT’s anomaly-based detection capabilities have successfully uncovered Lumma infections across various customer environments, regions, and industries. By identifying unusual connections to C2 infrastructure and the exfiltration of data, Darktrace provided comprehensive visibility into Lumma infections, enabling affected customers to pinpoint compromised devices, mitigate further data loss, and reduce the risk of substantial financial damage
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