If you don't want to buy a colander or have one sitting around, you can make your own quite easily!
The easiest way to make one would be to use the plastic bag that the cereal comes in. Simply punch a few small holes into the bottom of the bag (since it's the last part of the cereal the bag's condition doesn't matter) with a sharp object, a pen would work. I wouldn't recommend cutting holes in the bag because it'd be easy to make them too big to where the cereal is likely to slide out. However, while this is the most simple approach, it's likely not the most effective due to the flimsiness of the bag.
As such, it'd be better to use something a little more sturdy. If you wanted to make a serious colander, you could use a plastic bowl (preferably a thin one) and drill holes (or perhaps saw if you have the correct tools) into it but that's a good bit of work.
A much easier way would be to use a tin pan or something similar - it'd work great. Since it's more sturdy, you could cut or punch holes into it, which allows larger escapes for the crumbs while making them a size to keep the cereal in.
In any case, put the cereal in the colander you made and shake it around, particularly back and forth, trying to get the crumbs to go in the holes you made.