Security News > 2023 > May > Crypto phishing service Inferno Drainer defrauds thousands of victims
A cryptocurrency phishing and scam service called 'Inferno Drainer' has reportedly stolen over $5.9 million worth of crypto from 4,888 victims.
The malicious websites created with Inferno Drainer target 229 popular brands, including Pepe, Bob, MetaMask, OpenSea, Collab.
Scam Sniffer discovered the service after observing an Inferno Drainer member promoting the service on Telegram by posting a screenshot of a $103,000 theft demonstrating their capabilities.
Inferno Drainer promotes multichain fraud, Aave token and Art Blocks draining, MetaMask token approval exploits, and more.
Operators pay Inferno Drainer 20% of their proceeds, while the cut goes up to 30% for services that include the creation of phishing sites.
Scam Sniffer has investigated the operation of Inferno Drainer and found that the service has been active since February 2023 and increased its operational volume starting from mid-April 2023.