What are “drainer good contracts” and why is the FBI warning of them?

What are “drainer smart contracts” and why is the FBI warning of them?

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The FBI is advising potential NFT consumers to be looking out for malicious web sites that use “drainer good contracts” to surreptitiously loot cryptocurrency wallets.

The web sites current themselves as shops for reputable NFT tasks that present new choices. They’re promoted by compromised social media accounts belonging to recognized NFT builders or accounts made to seem like such accounts. Posts continuously attempt to create a way of urgency by utilizing phrases resembling “restricted provide” or by referring to the promotion as a “shock” or the results of a beforehand unannounced token minting.

“The spoofed web sites invite victims to attach their cryptocurrency wallets and buy the NFT,” FBI officers wrote in a Friday advisory. “The victims unknowingly join their cryptocurrency wallets to a drainer good contract, ensuing within the switch of cryptocurrency and NFTs to wallets operated by criminals.”

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