Crypto wallet providers urged to rethink security as criminals drain them of millions
ID: 832799e6-418d-5930-8fbb-e83ef92bf501
STIX ID: report--832799e6-418d-5930-8fbb-e83ef92bf501
Feed Name: The Register (Security)
Threat Score
Researchers warn of active, large-scale wallet-draining campaigns that exploit Ethereum's CREATE2 opcode to precompute fresh contract addresses, bypass wallet security heuristics, and drain user funds after social-engineered approvals; incidents cited include multi-million-dollar single-transaction thefts and aggregated losses estimated around $60M.
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