Wallet Drainer Scam Statistics
In the last nine months, Wallet Drainer scams have resulted in $58.98 million worth of stolen cryptocurrency from 63,210 victims. This alarming statistic highlights the severity of the issue, with peaks in phishing site activities observed in May, June, and November this year. It is clear that this threat is far from over.
Wallet Drainer Scam Tactics
One of the main tactics used by Wallet Drainers is Google search ad phishing, which was first detected in March. The SlowMist team joined the effort to combat these criminals in April, and security analyst ZachXBT discovered a string of X phishing adverts related to this scam in June. These scams are not limited to X’s platform, as a recent report by Scam Sniffer revealed that there are 10,000 phishing websites associated with Wallet Drainer.
Overview Of Wallet Drainer Scams
The defining characteristic of Wallet Drainer scams is their presence in various phishing attack vectors. These scammers utilize supply chain attacks, phishing attacks via Discord, SimSwap attacks, DNS attacks, and traditional email phishing attacks. They are skilled at evading ad audits by using regional targeting and pretending to operate from official domains. These deceptive tactics make it difficult for traditional media audits to scrutinize their activities.
Hot Take: Protect Yourself from Wallet Drainers
To protect yourself from falling victim to Wallet Drainer scams, it is crucial to stay vigilant and be cautious while browsing the internet. Be wary of suspicious ads and emails that ask for personal information or prompt you to click on unknown links. Always verify the legitimacy of websites before entering any sensitive data or making transactions. Additionally, consider using reputable antivirus software and regularly updating your devices’ security measures. By taking these precautions, you can minimize the risk of becoming a victim of Wallet Drainer scams and protect your hard-earned cryptocurrency.
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