Beware of Inferno Drainer: A New Phishing Scam Targeting Crypto and NFTs
Scam Sniffer, a renowned platform dedicated to detecting scams, has recently shed light on Inferno Drainer, a malicious software provider responsible for a series of scams that have targeted popular crypto projects on major blockchains. The security firm analyzed both off-chain and on-chain data on Ethereum, Arbitrum, BNB Chain, and other chains, uncovering 4,888 victims who collectively lost over $5.9 million in cryptocurrencies and NFTs. The suspected member of Inferno Drainer, known as “Mr Inferno,” surfaced in a Scam Sniffer Telegram group, leading to the discovery of a website promoting the scammer’s services. This scammer charges a percentage ranging from 20% to 30% of the stolen assets in exchange for their malicious software, which facilitates the creation of fraudulent websites. Since March 27, Inferno Drainer has allegedly created nearly 689 phishing websites, targeting around 220 brands. Crypto scams, particularly in the form of DeFi breaches, continue to pose a significant threat despite the ongoing bear market. Crystal Blockchain’s study revealed a 28% increase in reported crypto fraud incidents in 2022 compared to the previous year.
Clever Robot News Desk 22nd May 2023