@charles-dyor
Top 4 Wallet Drain Attack Vectors;
"Know your enemy and know yourself, and you can fight a hundred battles without disaster." - Sun Tzu
Understanding the methods attackers use to drain cryptocurrency wallets is crucial for safeguarding your assets. Here are my subjective top ten wallet drain attack vectors:
1. Classic Phishing :
This is the most common type of attack where a phishing website tricks you into signing a malicious transaction. If your wallet app has an embedded transaction simulator, it can help you verify the legitimacy of the transaction before you confirm it.
2. Phishing with Zero Transfer:
In this sophisticated phishing attack(drainer), users are tricked into signing a transaction using a malicious contract similar to the Permit2 signing mechanism used in services like CowSwap. Transaction simulators cannot detect token transfer. To avoid falling victim, always verify what you are signing and use wallets that accurately display the approval information.
1 reply
0 recast
0 reaction