Rising crypto drainer scams targeting Trust wallet users : Warns I4C, Ministry of Home Affairs, India
The National Cybercrime Threat Analytics Unit has issued an advisory regarding a rise in cryptocurrency frauds targeting Trust Wallet users, where attackers use social engineering and fake verification sites to drain digital assets.
The National Cybercrime Threat Analytics Unit (NCTAU) of the Indian Cyber Crime Coordination Centre (I4C) has identified a trend in cryptocurrency fraud. Attackers typically initiate contact through P2P platforms like Binance before moving communication to encrypted apps like WhatsApp or Telegram. The scam involves informing victims that a fake crypto asset verification is mandatory. Users are then directed to fraudulent websites where they are prompted to connect their Trust Wallet. Malicious links or scripts then gain smart contract permissions, allowing perpetrators to automatically drain assets from the victim's wallet. The impact is a direct and irreversible financial loss.
How to Prevent?
To prevent this, users are advised to verify website authenticity, disconnect unknown dApps from their wallet settings, never share seed phrases, and pay close attention to critical risk alerts displayed by the wallet application. Incidents should be reported to the National Cyber Crime Reporting Portal at https://cybercrime.gov.in or by calling 1930.