November 29, 2023
Cryptocurrency Drainers: How Scammers Exploit Web3 Transactions
Digital currencies, promising decentralization, bring new scam opportunities due to their complexity. Features like digital wallets and irreversible password settings can confuse users, providing scammers openings. Distinctions between traditional finance (tradfi) and decentralized finance (defi) create unique scam possibilities, capitalizing on the learning curve and technological nuances for new users. This post explores changes contributing to the recent rise in wallet draining scams.