Wallet drainer & approval scams: how they work and what to do
A wallet drainer tricks you into signing one malicious transaction or approval โ and that single signature lets a scammer empty your wallet of tokens and NFTs.
If this happened to you, it is not your fault. Malicious signature requests are designed to look routine. Here's how they work โ and what to do now.
What is a wallet drainer?
It's malicious code on a fake site (a phony airdrop, dApp, mint, or "wallet checker") that asks you to connect your wallet and sign a transaction or token approval. That approval grants spending access, and the drainer uses it to sweep your assets. A related trick, address poisoning, sends you a tiny transaction from a look-alike address hoping you'll copy it from your history.
How the scam unfolds
- 1.The lure. A "claim your airdrop," "connect to continue," or "validate your wallet" site โ often from an ad, DM, or hacked account.
- 2.The connect. You connect your wallet, and the site asks you to sign or approve something.
- 3.The approval. The signature grants token-spending access (e.g. an unlimited approve or permit) โ not an obvious "send."
- 4.The drain. The scammer moves your tokens and NFTs out, sometimes minutes or days later.
Warning signs
- ๐ฉ"Claim / connect / validate" sites that require a signature to "receive" something.
- ๐ฉA signature you don't understand โ approve, permit, setApprovalForAll.
- ๐ฉUnsolicited tokens or NFTs appearing in your wallet (bait to visit a drainer site).
- ๐ฉAn address in your history that looks almost identical to one you use (poisoning).
If your wallet was drained โ do this first
- โขRevoke all token approvals at revoke.cash right away.
- โขMove any remaining assets to a brand-new wallet (new seed phrase, generated offline). Assume the old wallet is compromised.
- โขNever copy an address from your transaction history โ always verify the full address from a trusted source.
- โขRecord the drainer address and your transaction hashes for reporting.
How to report it
- โขYour local police and national fraud body (see the reporting directory).
- โขReport the drainer wallet/contract address on Chainabuse.
โ ๏ธ Beware the second scam
"Recovery experts" may contact you promising to get your money back for a fee. Most are scammers targeting victims again. Never pay anyone who guarantees recovery or asks for an upfront fee. Read the red flags โ
You're not alone
Drainer signatures are deliberately disguised to look like normal wallet prompts. Being caught by one isn't carelessness. Reach out to someone you trust and consider a moderated victim community for support.
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