CertiK Blockchain Investigator Comments On The Rise Of Crypto Wallet Drainers As A Service
Wallet-drainer and phishing toolkits are surging, with ~$500M drained in 2024 and crypto losses hitting $3.1B in H1 2025 alone. Point-in-time audits aren’t enough without continuous monitoring and revocation playbooks.
We recently caught up with Natalie Newson, Senior Blockchain Investigator at CertiK to better understand how “drainer-as-a-service” works and the defense stack that stops active drains in minutes.
Natalie Newson from CertiK has shared some key insights on a number of key developments below.
The drainer economy: kits, affiliates, and why AI-written lures now dominate spear phish.
Drainer kits were popularized at the end of 2022 with the goal of providing code to scammers who would then steal NFTs and crypto,…
