Inferno Drainer resumes operations, claims $250 million stolen from crypto users Inferno Drainer resumes operations, claims $250 million stolen from crypto users
The scam group said it is resuming operations due to increased demands and exit of other competitors.
1 min read
Updated: May. 21, 2024 at 1:42 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Inferno Drainer, a notorious crypto wallet-draining kit provider, has resumed operations after abruptly shutting down last November, according to a May 20 screenshot shared by crypto security expert Plumferno.
Web3 anti-scam firm Scam Sniffer also verified this information, noting a recent surge in phishing sites using Inferno Drainer’s services.
Last November, the “scam-as-a-service” provider ceased operations after reportedly draining over $80 million from approximately 5,000 victims through 689 phishing websites.
Over $250 million drained
In its statement, Inferno Drainer claimed it drained over $125 million in crypto assets during six months of private operations. According to the scam group, this brings the total haul stolen with its kit to over $250 million.
The scam provider further revealed it has enhanced its services, boasting support for 28 blockchain networks and multiple protocols, including lending, staking, and yield farming.
Additionally, the service cited increased demand and the exit of competitors like Pink Drainer as reasons for resuming public operations. Pink Drainer, which shut down last week, had stolen over $85 million from more than 21,000 victims. It stated:
“We made this decision after other major competitors shut down and due to people attempting to resell the drainer, as we don’t want people to get backdoored / scammed / miss hits because of other incompetent drainers.”
Meanwhile, the resurgence of Inferno Drainer reflects the persistent threat of phishing scams in the crypto world. According to available data, such scams have resulted in losses exceeding $100 million since the start of the year.
Scam Sniffer reports that phishing scammers often use fake accounts on social media platform X (formerly Twitter) to impersonate legitimate projects. These accounts sometimes display fake verification marks and post deceptive comments to lure unsuspecting users to malicious websites where their digital assets are stolen.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
