HOW TO STAY SAFE FROM WALLET DRAINERS

Summary from the TLDR Crypto newsletter

Ethereum's recent EIP-7702 upgrade introduced batched transaction functionality, enabling multiple approvals or transfers in a single signed message. This feature allows wallet drainers to steal all assets (ETH, tokens, and NFTs) in one click. While rumors suggest that merely upgrading a wallet can result in asset loss, such claims are largely FUD. Mainstream wallets like MetaMask only upgrade to their own smart contracts. Nonetheless, signing malicious transactions, especially on phishing sites, remains riskier than ever.