Multi-Chain Crypto Scam Service Shuts Down After Stealing $80 Million
A multi-chain cryptocurrency scam service called Inferno Drainer has announced that it is shutting down permanently after stealing $80 million from its victims. The team behind the scam made the announcement on Telegram, stating that they are closing the service in order to “move on.” They did not provide any further details about their decision. However, they assured customers that all Inferno-related files and servers will remain intact, allowing for a smooth transition to other services.
A History of Deception
Inferno Drainer first emerged in March 2023 and quickly became notorious for its fraudulent activities. It created over 9,000 phishing websites targeting various crypto and NFT projects, including popular platforms like Arbitrum, Optimism, MetaMask, OpenSea, and LayerZero Labs. The subscription-based malware charged customers 30% for creating phishing sites and an additional 20% for each successful theft. According to cybersecurity firm Scam Sniffer, Inferno Drainer managed to steal nearly $75 million in less than a year.
New Tactics by Scammers
Recent reports have highlighted scammers adopting new tactics to defraud victims. They are now impersonating blockchain analytics firms and on-chain detectives on platforms like X. These scammers have managed to steal over $300,000 worth of crypto within a short period of time using these techniques. It is crucial for crypto users to remain vigilant and take necessary precautions to protect their assets from such scams.
Hot Take: Beware of Crypto Scams
While the shutdown of Inferno Drainer is a positive development, it serves as a reminder that the crypto space is still vulnerable to scams and fraud. It is important for you, as a crypto enthusiast, to stay informed about the latest scams and be cautious when dealing with unfamiliar platforms or services. Always verify the legitimacy of projects and conduct thorough research before investing or sharing sensitive information. By staying vigilant, you can protect yourself and contribute to a safer crypto ecosystem.
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