Thefts involving cryptocurrencies are frequent on decentralized finance (DeFi) systems and NFT initiatives. An investigation into a recent instance revealed that Inferno Drainer, a full-fledged scam service provider, assisted multi-chain schemes in exchange for a share of the stolen assets.
Scam Sniffer, a Web3 security company, revealed that Inferno Drainer has assisted in the theft of over $70 million in cryptocurrency from 103,767 victims on several blockchains.
Malicious actors can remove money from cryptocurrency wallets with the aid of “malware-as-a-service” called Inferno Drainer. It has enabled over 689 phishing websites since March 27th, targeting a number of well-known cryptocurrency and NFT initiatives.
Fast forward to today, Inferno Drainer has said it plans to shut down for good.
Inferno Drainer announces shutdown after draining over $70M from ~103K victims. pic.twitter.com/8DwtckleiZ
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) November 27, 2023
Inferno Drainer: Security Community’s Response
The Inferno Drainer account announced its decision to shut down in a Telegram post on November 26. It said that servers would continue to run to allow users to switch to another platform.
Security enthusiast and anonymous Twitter user 0xSaiyanGod stumbled into the fraud service when perusing the fraud Sniffer…
