A new scam-as-a-service dubbed “Inferno Drainer” reportedly stole nearly $6 million from unsuspecting cryptocurrency users, according to scam detection company Web3 Scam Sniffer. According to reports, Inferno Drainer advertises that it provides a ready-made code to scammers, allowing them to steal cryptocurrency in exchange for 20% of the scammer’s cryptocurrency “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
1/ Inferno Drainer, a scam vendor specializing in multi-chain scams, has stolen $5.9 million in assets from nearly 4,888 victims via more than 689 phishing websites targeting popular projects.
The scam service was discovered by security enthusiast and Twitter pseudonym 0xSaiyanElite, who stumbled across a promoter of the scam while browsing the Scam Sniffer Telegram channel. Saiyan reported the scammer on the channel, and the security service launched an investigation. They found a screenshot showing a $103,000 drain transaction using a Permit2 exploit.. Permit2 exploits are phishing scams that rely on a simplified version of the token approval process.
According to Scam Sniffer, the screenshot showed the hash of the theft transaction, which led the team to search for the transaction, which discovered the address of the exploiter. Scam Sniffer then discovered that the address was associated with more than 689 phishing websites created since March 27, and that it had stolen $5.9 million from victims across various networks, including Ethereum, Arbitrum, Polygon, and BNB Chain. Scam Sniffer created a Dune analytics dashboard to reveal the data that validates this conclusion.
According to the report, Inferno Drainer advertised its “service” to scammers in exchange for 20% of the profits. He even offered to build phishing sites for clients in exchange for 30%, but only for “good clients or people with great potential.”
Scams as a services have become a growing problem in the crypto community in recent months. ZachXBT discovered a similar service called “Monkey Drainer” back in October. It drained at least $1 million worth of ETH from users before shutting down in March.
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