‘Wallet Drainers’ Pillage $295 Million from 324,000 Crypto Users: Scam Sniffer

Scam Sniffer reported that new forms of crypto-malware, known as “Wallet Drainers”, stole over $295m from 324,000 victims in 2023. This software is used on phishing websites to trick users into authorizing harmful transactions, leading to the theft of crypto wallets. These attacks strategically coincide with group-related events, such as airdrops or hacking incidents. In response to fisheries leaving, new ones replace them. The report revealed that the groups profited at least $47m from the sale of wallet-draining services.