Inferno Drainer, the hot new scam in the cryptocurrency world, is wreaking havoc among unsuspecting investors. Revealed by the Scam Sniffer organization, which specializes in detecting fraud, this scam offers a “ready to use” service to malicious individuals who wish to steal from others, for 20 to 30% of the loot obtained.
Inferno Drainer, new wave of phishing
Inferno Drainer is the name of the hot new scam that is hitting many unsuspecting crypto investors. Revealed by Scam Snifferspecializing in the search for scams and phishing, Inferno Drainer sells a “ready-to-use” service to malicious people who wish to scam other individuals, with the sole consideration of having to pay 20% of their loot.
1/ Inferno Drainer, a scam vendor specializing in multi-chain scams, has stolen $5.9 million in assets from nearly 4,888 victims through over 689 phishing websites targeting popular projects.https://t.co/OEjdzHm2Ls
—Scam Sniffer (@realScamSniffer) May 19, 2023
According to real-time data compiled by Scam Sniffer, 4,888 people have already been victims of Inferno Drainer, and this for an amount approaching 6 million dollars at the time of writing these lines.
Active since the beginning of February, Scam Sniffer would be particularly active on the Ethereum (ETH) blockchainwhich concentrates more than 4.3 million stolen dollars alone, followed by Arbitrum (ARB), Polygon (MATIC) and BNB Chain.
The data offered here by Scam Sniffer is based on the discovery of the Inferno Drainer address, itself found by cross-checking transaction data shared on Telegram. It turns out that the address in question was already listed with Scam Sniffer, which allowed it to be linked to other addresses associated with scams and malicious activity in general.
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700 fraudulent sites for more than 220 projects
According to Scam Sniffer, more than 220 projects or brands would have been targeted by Inferno Drainer, mostly through fake sites aimed of course at stealing the cryptocurrencies of their visitors. 120 sites alone reportedly relate to the PEPE token, suggesting that people using Inferno Drainer are relying on the hype of some projects.
In the same vein, we also find fake sites concerning Optimism (OP), Sui, zkSync or Arbitrum, i.e. projects for which investors expect a potential airdrop and are therefore more likely to search for them on the Internet.
We can also observe, in view of the Scam Sniffer report, that some individuals have even made malicious copies of Revoke.casha site used for wallet users wishing to revoke rights granted to certain sites or certain protocols in order to secure their cryptocurrencies as much as possible.
Inferno Drainer provides the site as well as the malware, and then settles for recovering 20 to 30% of the stolen amounts by users who have subscribed to its service. A victim lost more than $400,000 on his own, before imploring the address to which his cryptocurrencies were transferred to return at least half of his assets to him, without success.
Fraud involving the crypto ecosystem continues to grow each year, we can therefore only remind you to be extremely vigilant about the sites you visit and the rights you grant to certain protocols from your wallet.
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Sources: Scam Sniffer, Dune
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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