Earlier quoted context omitted.
It depends on the website and the wallet, but either way the wallet app tells you what permissions it's giving the website. My guess is people don't pay attention or think about it. But it's not as parent described "the way the crypto community designed it". It's actually the opposite. The crypto community designed wallets that give you control over what third parties are allowed to do with your accounts. It's a lot…
But debit cards are protected and cant be used without several factors authentication. At least mine is.
“Crypto drainer” template facilitates theft
121–130 of 228 posts
Re: “Crypto drainer” template facilitates theft
#122Earlier quoted context omitted.
It depends on the website and the wallet, but either way the wallet app tells you what permissions it's giving the website. My guess is people don't pay attention or think about it. But it's not as parent described "the way the crypto community designed it". It's actually the opposite. The crypto community designed wallets that give you control over what third parties are allowed to do with your accounts. It's a lot…
Last year I had about $6k stolen via a compromised debit card and spent on some fly-by-night crypto exchange. The money was rolled back to me by the bank; no idea what happened on the crypto exchange side.
Re: “Crypto drainer” template facilitates theft
#123Absolutely baffling that the crypto community normalized this process of connecting your wallet to a random website and letting it access all of your money. I see a lot of victim-blaming suggestions that it's the fault of the person who didn't set up a new crypto wallet for every interaction they might want to make and then transfer enough money into said wallet to cover unpredictable gas fees (while also paying gas…
It turns out you're not the first person to realize that this is an issue. If you'd actually read up on cryptocurrency wallets before commenting, you might have found there are multiple solutions for this out already, including one of the most popular Ethereum wallets called Argent, which let's you set limits. Basically the fraud described is a twist on the classic "Musk giving away BTC" scam that's all over Youtube…
If they got someone to execute a malicious transaction, couldn’t the scammer just `curl etherscan.io/VICTIM`, get the restriction amount and go just under that? With normal banking, everything is closed so you can’t access that kind of information that easily, but since crypto is so open, isn’t this possible?
Re: “Crypto drainer” template facilitates theft
#124Earlier quoted context omitted.
What does a user see? How should a user investigate a transaction to check what it does? Is there any good automated explanation/visualization of the effect of a transaction?
This is what I do: When a site initiates a transaction, you can see the address you're interacting with. You should then look up the address on etherscan to see if it has public code and a lot of transactions. Then you should search that address in google and see if the main site links to it. A lot of projects have a list of addresses in their github. You can also inspect the function code. Once you're comfortable, y…
Re: “Crypto drainer” template facilitates theft
#125I am honestly mind blown that a scam tool like this isn’t minified and uglified to obfuscate reverse engineering. The process also strips comments, which I imagine would’ve been a preference of the perpetrator. I assume the example from the author [of the blog post] must’ve been a deployment by someone without much experience with the javascript ecosystem or extremely lazy. Pretending this assumption is correct, what…
We do see phishing pages like this increasingly popping up with obfuscation. I think at this time less than a third are obfuscated, but this is gradually increasing. The thing is, most of the folks running these sites are likely not very technical. They buy the template from a vendor and plug in the config settings and just focus on driving traffic to the site - this happens through Discord & Twitter spam.
The thing with fraudsters and threat actors that play in this space is that at the end of the day it's a business and they want maximum reward for minimal effort. I think right now there's not a very aggressive takedown feedback loop with these phishing sites, but we are working to accelerate this and as this happens the perpetrators WILL need to rely more on obfuscation to try and thwart on the fly static detection. My guess is that eventually most of the logic will be server-side and cloaked as has happened with many other categories of phishing and fraud (particularly malvertising campaigns). Sooner or later the more amateur scam operators in this space will likely get shaken out by this acceleration of the cat and mouse game and only highly technical operators will be left.
With regards to the sites that we see obfuscated today, we are still able to do accurate attribution, as we've been specializing in the detection and blocking malicious client-side code for some time now.
Thanks again for your comment.
Re: “Crypto drainer” template facilitates theft
#126Earlier quoted context omitted.
I'm currently building in the ability to inspect a transaction's effects before it is run directly into MetaMask. So... we'll alleviate some of the problem Soon (TM)
Problems that have been solved by regular banking decades ago. Jesus Christ the stupidity of crypto amazes me every day.
Re: “Crypto drainer” template facilitates theft
#127Re: “Crypto drainer” template facilitates theft
#128Earlier quoted context omitted.
Last year I had about $6k stolen via a compromised debit card and spent on some fly-by-night crypto exchange. The money was rolled back to me by the bank; no idea what happened on the crypto exchange side.
Maybe you have a good bank. Or maybe I've just received incorrect information about the differences between a credit and debit card.
Re: “Crypto drainer” template facilitates theft
#129Earlier quoted context omitted.
This is what I do: When a site initiates a transaction, you can see the address you're interacting with. You should then look up the address on etherscan to see if it has public code and a lot of transactions. Then you should search that address in google and see if the main site links to it. A lot of projects have a list of addresses in their github. You can also inspect the function code. Once you're comfortable, y…
Any suggestions for how this could be scaled up to the general public (the vast majority of whom aren't comfortable reading code and have no idea what github is)?
I wish wallets made it easier to create a burner throw away account or there were some trusted contracts that would create an account, do something and then transfer back to another account. I don't know if anything like that exists or even if the workflow is generalizable enough
Re: “Crypto drainer” template facilitates theft
#130Earlier quoted context omitted.
Last year I had about $6k stolen via a compromised debit card and spent on some fly-by-night crypto exchange. The money was rolled back to me by the bank; no idea what happened on the crypto exchange side.
Maybe you have a good bank. Or maybe I've just received incorrect information about the differences between a credit and debit card.
If entered, the transaction happens on the Maestro et. al. network and you can’t do chargebacks.
If no PIN was entered, the transaction happens on Visa/MC systems and you can chargeback.