Crypto Wallet Drain Hits Hundreds of Users Across EVM Chains

Why the Crypto Wallet Drain Across EVM Chains Matters to Users

A new security alert has raised concern among crypto wallet drains, users after reports showed that hundreds of wallets are being quietly drained across multiple EVM-compatible blockchains. The issue was first shared by on-chain investigator ZachXBT and later highlighted by the news account Crypto India on X.

Source: X Account

According to the update, affected people are losing small amounts, usually under $2,000. While each loss may appear limited, the total value taken so far has crossed $107,000, and the figure is still rising. At the time of reporting, the exact root cause remains unknown, adding to user concern.

What Is Happening

This incident does not look like a single large hack. Instead, it appears to be a slow and spread-out drain. Attackers are targeting many wallet drain at once and taking small sums from each. Because the losses are small, some people may not notice the issue right away.

The activity has been detected across 18 EVM-compatible chains, showing that the problem is not limited to one network or ecosystem. This wide spread makes the situation more serious for everyday users.

Chains Affected by the crypto Wallet Drains

Data shared alongside the alert shows that several major chains are involved. The largest share of losses has been seen on Ethereum, which accounts for about 51% of the reported value. BNB Chain follows with roughly 25%.

Other affected networks include Base, Arbitrum, Polygon, and several smaller EVM chains. This pattern suggests that the issue is linked to permissions or user behavior rather than a flaw in one specific blockchain.

Early Signs Point to Approval-Based Scams

While no final conclusion has been confirmed, early analysis suggests that approval-based scams may be involved. In these cases, users unknowingly give permission to malicious smart contracts.

This can happen through:

• Fake airdrop links
• Scam dApps that look real
• Malicious websites asking to “verify” or “claim” tokens

Once approval is granted, attackers may gain ongoing access to move funds from the account without further action from the user.

Why Small Losses Are Still a Big Risk

The key risk in this incident is not just the amount lost, but how quietly it happens. Since the losses are small, many people may not check their wallet drain closely. Over time, this allows attackers to continue draining funds without being noticed.

This method also shows how attackers are changing tactics. Instead of large, visible hacks, they are focusing on low-value, high-volume attacks that are harder to track.

What You Can Do Right Now

Security experts are urging people to take basic safety steps immediately, especially if they interact with DeFi apps or sign transactions often.

Important actions include:

• Reviewing and revoking old token approvals
• Avoiding unknown links and airdrops
• Checking activity regularly

You can revoke permissions using trusted tools such as Revoke.cash or official blockchain explorers. This is especially important for users of mobile funds like Trusted crypto fund, which are often used for quick dApp access.

A Reminder About Safety

This incident highlights a larger issue in security. Even an experienced one can be exposed if they approve the wrong transaction. it drains do not always come from complex hacks. Often, they happen because you may unknowingly allow access.

Staying cautious, checking approvals, and slowing down before signing transactions remain some of the most effective ways to stay safe.

Final Thoughts

The ongoing crypto wallet drain reported by ZachXBT is a reminder that small, silent risks can add up. With over $107,000 already affected and no confirmed cause yet, all EVM chains should stay alert.

While investigations continue, the best protection right now is awareness. By understanding how these attacks work and taking simple steps to manage permissions, users can reduce their risk and protect their funds in an increasingly complex space.