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Author: Admin | 2025-04-28
In January 2024, researchers uncovered Inferno Drainer, a sophisticated cryptocurrency scam campaign that caused significant damage to the crypto space over a year. This operation combined complex phishing techniques with specialized infrastructure designed to siphon cryptocurrency. It managed to impersonate over a hundred cryptocurrency brands and stole an astonishing $80 million in assets before its developers abruptly ceased operations in November 2023. Operating under a scam-as-a-service model, Inferno Drainer allowed cybercriminal affiliates to keep 80 percent of their ill-gotten proceeds while the organizers claimed the remaining 20 percent. The scam involved luring victims to phishing websites that mimicked legitimate crypto token projects. These fraudulent sites were heavily promoted on social media platforms like X (formerly Twitter) and Discord, enticing users with promises of free tokens or NFT minting rewards. Ultimately, scammers tricked them into connecting their cryptocurrency wallets to the attackers' infrastructure. Inferno Drainer's core operations were shut down, but the threat is far from over. Its success serves as a blueprint for a new wave of similar malware, potentially opening up a Pandora's box of crypto wallet-draining schemes that could plague the crypto industry for years to come.In this blog article, we'll explore crypto drainers and share some valuable tips for protecting your assets. What is a crypto drainer?A crypto drainer, also known as a crypto wallet drainer, is malicious software that has been relentlessly targeting cryptocurrency owners for over a year. This insidious malware is designed to rapidly drain crypto wallets by automatically siphoning off their most valuable assets and funneling them into the wallets of the cybercriminals behind the operation. Crypto drainer exampleOn December 17, 2022, 14 Bored Ape NFTs worth over $1 million were stolen. The scammers created a fake website for Forte Pictures, a Los Angeles-based movie studio, and posed as company representatives. They approached
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