What is a crypto drainer?
A crypto drainer is a malicious script designed to steal cryptocurrency from your wallet. Unlike regular phishing attacks that try to capture login credentials, a crypto drainer tricks you into connecting your wallets, such as MetaMask or Phantom, and unknowingly authorizing transactions that grant them access to your funds.
Disguised as a legitimate Web3 project, a crypto drainer is usually promoted via compromised social media accounts or Discord groups. Once you fall prey to the fraud, the drainer can instantly transfer assets from the wallet.
Crypto drainers may take various forms:
Malicious smart contracts that initiate unauthorized transfers.Fake NFTs or token systems that create deceptive exchanges or assets.
Crypto drainers are a growing threat in Web3, enabling quick, automated theft of crypto assets from unsuspecting users through deception. Common methods of crypto drainers include:
Phishing websites.Fake airdrops.Deceptive ads.Malicious smart contracts.Harmful browser extensions.Fake