MS Wallet Drainer: A Cryptocurrency Malware Tool siphons Over $58 Million
A recent report from Scam Sniffer, an anti-scam platform, has uncovered a cryptocurrency malware tool called MS Wallet Drainer that has managed to steal over $58 million in crypto since March. The drainer targets cryptocurrency wallets, including Ethereum, BNB, and other EVM chains and rollups. It uses Google search and X ads to infect victims’ devices and drain their funds and NFTs.
Distribution through Google Searches and X Ads
The MS Wallet Drainer is distributed through Google searches for popular cryptocurrency sites and decentralized finance exchanges. The malware was also found in Ordinals-related X ads. More than 60% of the X ads on some feeds led to sites using the MS Drainer.
Techniques to Evade Detection
These malicious ads employ various techniques to evade detection. They target specific regions and use redirection to bypass revisions, making it difficult for users to identify their true purpose.
High Financial Losses for Victims
Several victims have suffered significant financial losses due to the MS Wallet Drainer. One individual lost over $24 million in an Ethereum wallet, while another lost more than $1 million in Ethereum assets.
The Availability and Pricing of the Malware
Darknet forums offer the MS Wallet Drainer for a price of $1,500 for a standard functionality set. Unlike other similar malware tools that charge a 20% fee, this drainer only charges for additional modules that enhance its functionality.
Hot Take: MS Wallet Drainer Exposes Vulnerabilities in Crypto Security
The emergence of the MS Wallet Drainer highlights the importance of robust security measures in the crypto space. With over $58 million stolen from unsuspecting victims, it is crucial for cryptocurrency holders to exercise caution when interacting with websites and ads. Implementing strong security practices, such as multi-factor authentication and using reputable wallets and exchanges, can help mitigate the risk of falling victim to such malware attacks. It is vital for the crypto community to stay informed about the latest threats and take proactive steps to protect their digital assets.
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