A crypto drainer is a phishing tool designed for the web3 ecosystem

A crypto drainer is a phishing tool designed for the web3 ecosystem. Instead of stealing the usernames and passwords of victims, the operators of drainers often masquerade as web3 projects, enticing victims into connecting their crypto wallets to the drainer and approving transaction proposals that grant the operator control of the funds inside the wallet. If successful, drainers are able to directly steal users’ funds instantly. Operators of drainers often promote their fake web3 sites in Discord communities and on compromised social media accounts.