![Poloniex Hot Wallets Hacked, $65M Seemingly Stolen: On-Chain Data Oliver Knight](https://btcusa.com/wp-content/uploads/2023/11/Poloniex-Hot-Wallets-Hacked-65M-Seemingly-Stolen-On-Chain-Data-678x381.jpg)
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By misusing Create2, wallet drainers can instantly create temporary wallet addresses to receive funds after a user clicks on a malicious signature. When users send funds or interact with a smart contract, they will be prompted to “approve” a signature, hackers often disguise permissions within this signature to gain access to a user’s wallet.
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