What’s Cooking in the Crypto Underworld?
Welcome to the Wild West of digital currency—a place where the good, the bad, and the downright sneaky collide. Enter Inferno Drainer, a new breed of scam-as-a-service that’s becoming the latest hot topic among crypto enthusiasts and vigilantes alike. According to the vigilant folks at Scam Sniffer, this dastardly service has plundered nearly $6 million from unsuspecting crypto users, leaving behind a trail of phishing websites and heartbroken digital wallets.
How It All Went Down: The Scoop
Scam Sniffer revealed that Inferno Drainer operates on a rather unsavory business model. This scam vendor allegedly specializes in multi-chain scams, managing to siphon off $5.9 million from an astonishing 4,888 victims via more than 689 phishing websites. It’s a staggering figure, particularly for those who thought they’d locked away their crypto treasures only to find them vanishing one click at a time.
The Discovery That Sparked an Investigation
Our story gets even more interesting thanks to the ever-watchful 0xSaiyanGod, a pseudonymous Twitter user and security buff. It was during a routine scroll through the Scam Sniffer Telegram channel that he stumbled upon a promoter for Inferno Drainer. After reporting this nefarious character, the Scam Sniffer team sprang into action.
Tracing the Digital Breadcrumbs
One clicks, and there they were—a screenshot showcasing a hefty $103,000 drain transaction using the notorious Permit2 exploit. For those wondering, Permit2 scams rely on tricking users into approving transactions much simpler than they should be. It’s like saying yes to a dog that looks adorable but is stealthily eating your lunch!
Victims, Beware: The Multi-Chain Approach
The investigation unveiled a network of deceit with connections to multiple chains including Ethereum, Arbitrum, Polygon, and BNB Chain. What did Scam Sniffer find? The explanatory Dune analytics dashboard indicated a shocking number of phishing websites sprouting since March 27. As they peeled back layers of digital deception, the insights they uncovered were chilling.
Those Generous “Service Packages”
Not only does Inferno Drainer hand out phishing codes to aspiring scammers for a nice 20% cut, but it also ups the ante by offering to build bespoke phishing websites for clients promising a good future (read: high profits) at a whopping 30%. Talk about turning a shady business into a full-on buffet!
A Growing Trend: Scams as Services
As if that wasn’t enough to send chills down the spine of the crypto community, this isn’t the first rodeo for scams masquerading as services. Previous offenders, like Monkey Drainer, have similarly wreaked havoc—one pocketing a jaw-dropping $1 million in ETH before their shadow phantomed out in March.
Moving Towards a Safer Crypto Ecosystem
As fraudsters continue to evolve, so must our vigilance. Community watches, expert investigations, and continued innovation in fraud prevention are essential in keeping the crypto landscape safe for everyone. For the unsuspecting trader, knowledge is power; don’t fall for shiny things that seem too good to be true.
