Monday, May 6, 2024

Metamask.... Possibility of wallet drained just by holding a token?

 Simply holding a token can't drain your wallet. Anyone can write an ERC20-compliant smart contract and send the token to whichever addresses they want, so if it was possible to lose your tokens by holding a scam token, there would be a bit of a problem for everyone lol

The way scam tokens typically work is they airdrop it to your wallet, but you can't actually sell them. The transaction to sell them on pancakeswap will just fail with an error message like "visit shady-scam-website.biz to claim airdrop" and the website will try really hard to make you sign a transaction that allows the scammer to drain your wallet.

Thanks somebody sent OMNIGROK into my metamask wallet and I don't know what to do with it.


If your seedphrase is solid, just holding a token shouldn't expose your wallet to compromise. But, as a precaution, always keep an eye on the token's contract and the project's reputation. I've heard of cases where sketchy tokens had sneaky contracts.



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