At Blockaid, our goal is to make the lives of drainers so hard that they quit. One recent example is Violet Drainer, which recently announced it was shutting down its business—before it was able to drain even $100k from user accounts.

Wallet drainers are financially motivated—their only objective is to make money. When we’re able to make it hard enough for them to do that, they give up.

Violet is just one of many drainers that have had to pause operations or shut down entirely in recent months because we’ve made their lives significantly harder.

We do this with multi-layered approach to wallet security:

1. Internet Wide dApp Scanning that proactively scans the entire internet to detect new threats originating from these malicious actors.
2. Transaction Simulation & Validation that first simulates then applies models and heuristics to determine if a transaction is malicious or not.

We’re able to achieve this because of the vast amounts of data Blockaid has access to. By working with amazing partners, and indexing the entire internet and various chains, Blockaid is able to detect these threats in ways others simply haven’t been able to in the past.

Stopping malicious actors like Violet in their tracks is a team effort Blockaid is doing its part to vastly improve security in our ecosystem together with amazing customers including MetaMask, Coinbase, Zerion, and Rainbow, as well as partners including Samczsun and others.

If you want to join the fight against drainers, and keep your users safe, [$data-tf-popup=XhWvPBiL][.open-modal]reach out[.open-modal][$data-tf-popup] and check out a demo.