Web3 is a safe space that allows open and equal participation. However, security should always be a watch-word for every web3 platform user. The decentralized nature of web3 platforms equally make them open for possible attacks. You must have heard of crypto drainers or maybe not. Anyways, in this article, I will spotlight crypto drainers and how to guide against their activities.

Know what crypto drainers are

Crypto drainers are malwares (you can call them a virus) that target crypto wallets. It is a phishing tool that attacks mostly web3 wallets. Drainers are unique scamming tools because they do not attempt to change users’ login details. Instead, they are usually built to look like web3 projects, creating a comfortable scam zone for web3 users.

How Crypto Drainers Work

Crypto drainers can:-

Compromise an organization’s original website and ask targets to claim free airdrops as compensation or follow a link they provide.

They create fake web3 projects and share airdrops. Victims are made to connect their web3 wallets to the drainer and approve transaction proposals. This automatically allows the drainer to access the user's wallet and asset. The drainer empties crypto wallets quickly and may target a particular asset.

Most of the time, drainers usually operate on discord twitter and popular social platforms that are dominated by crypto communities.

Now, how do you keep your wallets safe from crypto drainers

Create a temporary wallet

Especially if you are using a web3 wallet, it is advisable to use an empty wallet when connecting to a web3 crypto website, especially one that is unfamiliar. You may also want to create a new wallet for airdrops especially in this bull run.

Beware of promoted links on social platforms

Always conduct due research before jumping on links and airdrops flying around crypto communities. Some links are honeypots while some of them are real life traps.

You can use web3 wallet guide

A Wallet guide is not a wallet, rather it is an application that protects web3 wallets. Wallet guides have scam detection alerts. It gives clear warning to users while processing transactions. It helps Defi traders identify legit tokens, protect NFTs creators while minting and claiming NFTs.

Moreover, every crypto user should be on guard and deploy possible means and the discipline to keep your assets safe.