Wallet drained after connecting to a fake crypto 'pre-sale' site, is it gone?

asked 11d ago10 views10 answers
0

hi everyone, feeling pretty stupid rn. i usually consider myself pretty good with spotting scams but i clicked on this ad on x (twitter, whatever) for a new 'revolutionary' defi project pre-sale. it looked super legit, good graphics, whitepaper, even a roadmap. i'd done my homework, or so i thought.

i connected my metamask and approved a transaction – it was supposed to just 'confirm my participation' and reserve some tokens. instead, my entire wallet, about 3k EUR in ETH and some USDC, just vanished. saw the transaction on Etherscan, funds sent to some random address. this happened yesterday around 3 PM, my time.

i immediately disconnected my wallet, revoked approvals via revoke.cash but it was too late. tried reporting it to metamask support but they said they can't do anything. i'm just so lost. is there any hope at all or should i just accept it's gone? any advice on what else I can or should do?

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Etherscan· neutral

10 Answers

47

Leon, my heart goes out to you. This is exactly what these scammers want – to make you feel stupid. Don't! They're professionals preying on excitement and FOMO. The biggest red flag you should ALWAYS look for with *any* pre-sale is that you should never have to 'approve' a transaction that *sends* your funds without you explicitly wanting to buy tokens right then and there. A legit pre-sale usually involves you sending ETH/USDC *to a specific contract address* in exchange for tokens, not approving some mysterious contract to *pull* from your wallet. Always, always, *always* scrutinize what you're approving in MetaMask. Read what it says, even if it's quick. If it mentions 'allow to spend' or 'set approval for all', be extremely cautious unless you're absolutely sure it's a reputable DeFi app you've used before. And if it's a new project, assume it's a scam until proven otherwise. I'm so sorry this happened.

Thabo Khumalo · Pretoria, South Africaanswered 11d ago
41

Hey Leon, man, I'm really sorry to hear this happened to you. It's a classic wallet drainer tactic, and they're getting incredibly sophisticated, so don't beat yourself up too much. The good news is, sometimes there *are* steps you can take, though success isn't guaranteed. First, you did right by revoking approvals and disconnecting. Next, you need to track those funds. Use Etherscan to follow where your ETH and USDC went. Scammers often 'mix' or 'bridge' funds quickly. Tools like Chainalysis or TRM Labs are used by law enforcement and exchanges to track these illicit flows. You can't directly use them yourself, but knowing the path is crucial for reporting.

File a detailed report with your local police and any national cybercrime units (like the BKA in Germany). Include all transaction hashes, the scam website URL, screenshots, and any interaction you had. Contact your bank too, especially if any fiat transfers were involved (unlikely here, but always good to check). Finally, report it to major exchanges like Binance or Coinbase if you can trace the funds moving to or from them. They have compliance teams who might flag the addresses. Be wary of anyone offering 'guaranteed' recovery for an upfront fee – those are almost always recovery scams.

Joshua Miller · Seattle, USAanswered 11d ago
17

Ugh, this is rough, Leon. I know exactly how you feel. Happened to me last year, lost about $2k to a fake staking pool. My ETH was gone in literally seconds. I did all the tracing on Etherscan, saw it move through like 5 different addresses, then it went to a mixer, and poof. Vanished. I reported it to the Dutch police, filled out forms online, but they just said these things are incredibly hard to trace and recover, especially once it's mixed. It sucks, man. I check that scam address every now and then, just out of morbid curiosity, but it's empty. Hope you have better luck than I did, but steel yourself for disappointment. It's a brutal lesson.

Milan Bos · Groningen, Netherlandsanswered 11d ago
9

Dude, wow, same thing happened to me. Not a pre-sale, but a 'new game demo' site. Clicked, connected, approved... gone. My savings too, though not as much as yours. It was like 2k CAD. I felt so violated. I sat there just staring at the screen for an hour, kept refreshing Etherscan, hoping it was a mistake. It wasn't. My wife was so mad, tbh. Said I was silly for even touching crypto. I haven't even told my friends. It's embarrassing. I reported it to the Canadian Centre for Cyber Security, but yeah, crickets. I'm sorry, I don't really have advice, just... solidarity. It really drains you, doesn't it?

Mason Gagnon · Ottawa, Canadaanswered 11d ago
33

Lads, listen up. When you connect your wallet to a site, especially for something like a 'pre-sale' or 'airdrop', you're giving that site certain permissions. Most often, people fall victim to what's called a SET_APPROVAL_FOR_ALL or ERC-20 Permit scam. What happens is, you approve a transaction that *looks* benign – maybe it just says 'confirm' – but in the background, it's signing a transaction that gives the scammer's contract unlimited spending permission over a specific token in your wallet, or in the worst cases, it directly executes a transferFrom call. Once that's approved, they can drain your funds at any point. The key is to check the transaction details in MetaMask *before* confirming. It'll show you exactly what permissions you're granting. If it's not simply 'send X amount to Y address', scrutinize it. If it mentions allowing a contract to 'spend' your tokens, unless it's a trusted DEX, it's probably bad news. Revoke.cash is your friend, but it's often too late after the initial approval.

Jack Smith · Galway, Irelandanswered 11d ago
12

Oh man, Leon, I am so sorry. This is exactly why I'm so paranoid about connecting my wallet to anything. I almost fell for something similar with a 'free NFT mint' site. It presented me with a tiny gas fee pop-up, but something felt off, so I didn't click approve. Later, I looked up the site and sure enough, it was a known drainer. Saved myself by sheer dumb luck, honestly. It's so hard to tell sometimes, these scam sites are so professional looking. It sucks because it makes you distrust everything. I hope you get some of your money back, but honestly, people I know who've been hit usually just lose it. It's a tough lesson.

Samantha Miller · San Diego, USAanswered 10d ago
6

Hmm, 3k EUR is a lot to lose, really sorry. But honestly, if it's gone from your wallet to some random address, and you already tried tracing it, the chances of getting it back are super slim. Everyone always says 'report it to the police' but what are they gonna do? Unless it's a massive, multi-million dollar hack involving exchanges, local police usually just log it and that's it. They don't have the expertise or resources to follow crypto transactions. I mean, it's worth a try for sure, but don't hold your breath. Crypto is decentralized partly for this reason – no central authority to reverse transactions.

Olivia Naidoo · Durban, South Africaanswered 10d ago
15

Yeah, I'm with Olivia. You hear about these 'recovery services' but 99.9% of them are just more scams trying to get money out of desperate people. They'll ask for an upfront fee then disappear. Real recovery, if it ever happens, involves law enforcement or major exchanges working with tracing firms like TRM Labs, but that's for big cases, not typically for 3k EUR that's already been mixed. It's a sad reality of the crypto world right now. Best thing you can do is learn from it, be more careful next time, and maybe help warn others. And get a hardware wallet if you're dealing with anything more than pocket change, seriously.

Ethan MacDonald · Toronto, Canadaanswered 10d ago
28

Just to add to what others have said – when you're looking at pre-sales, especially advertised on social media, you need to be incredibly vigilant. These often mimic legitimate projects perfectly. Cross-reference the official project's website (type it in manually, don't click links!), their official Twitter/X page, Telegram, Discord, etc. See if they even *have* a pre-sale going on. Most legitimate projects use established launchpads or have clear instructions on how to participate directly on their verified sites. If you see an ad for a pre-sale anywhere else, especially if it's promising crazy high returns or a 'guaranteed spot', it's almost certainly a scam. It's a tough lesson, but consider it a very expensive crypto education. Stay safe out there.

Grace Teo · Singapore, Singaporeanswered 10d ago
21

Look, I know this sounds harsh, but chances are extremely slim. Once crypto leaves your wallet in a scam of this nature, especially to a contract that then immediately sweeps it, it's typically gone for good. There's no 'undo' button. Law enforcement might be able to trace it if it hits a KYC'd exchange, but many scammers use mixers or send it to addresses outside their control almost instantly. My advice, as a former victim myself, is to make peace with the loss. Focus on securing your finances moving forward. Use dedicated hardware wallets for anything substantial, never click ads for crypto projects, and double-check every single transaction permission in MetaMask until your eyes bleed. It's the only way to survive in this space right now. And please, don't fall for recovery scammers. They just add insult to injury.

Daniel Kruger · Johannesburg, South Africaanswered 10d ago

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