{"id":6514,"date":"2023-05-21T12:30:32","date_gmt":"2023-05-21T12:30:32","guid":{"rendered":"https:\/\/www.bitrabo.com\/community\/cryptocurrency-theft-of-nearly-6-million-through-inferno-drainer-scam\/"},"modified":"2023-05-21T12:32:32","modified_gmt":"2023-05-21T12:32:32","slug":"cryptocurrency-theft-of-nearly-6-million-through-inferno-drainer-scam","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/cryptocurrency-theft-of-nearly-6-million-through-inferno-drainer-scam\/","title":{"rendered":"Cryptocurrency Theft of Nearly $6 Million Through &#8216;Inferno Drainer&#8217; Scam"},"content":{"rendered":"\n<div>\n<p>A scam called the &#8220;Inferno Drainer&#8221; has targeted unsuspecting cryptocurrency users, resulting in approximately $6 million in stolen funds, according to Scam Sniffer, a company that monitors fraudulent activities online. The &#8220;Inferno Drainer&#8221; offers scammers readily available code to steal cryptocurrencies, and in exchange, the scammers provide a percentage of the stolen funds, typically around 20%, to the &#8220;Inferno Drainer&#8221;. This scam-as-a-service model uses tailored, deceptive tactics to swindle cryptocurrency holders out of large sums of money, causing them substantial losses.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ Inferno Drainer, a scam vendor specializing in multi-chain scams, has stolen $5.9 million in assets from nearly 4,888 victims through over 689 phishing websites targeting popular projects.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"\"><\/a><\/p>\n<p>\u2014 Scam Sniffer (@realScamSniffer) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/realScamSniffer\/status\/1659484958388539392?ref_src=twsrc%5Etfw\">May 19, 2023<\/a><\/p>\n<\/blockquote>\n<p>The Inferno Drainer scam was discovered when a security enthusiast, known as 0xSaiyanGod, reported a con artist to Scam Sniffer&#8217;s Telegram channel after stumbling across a booster for the service. Upon receiving the report, Scam Sniffer initiated an investigation, which uncovered a drain transaction that used a vulnerability known as &#8220;Permit2,&#8221; resulting in a loss of $103,000. Scam Sniffer&#8217;s investigation found that the identified address was linked to an alarming number of phishing websites targeting victims across multiple networks, including Ethereum, Arbitrum, Polygon, and BNB Chain, resulting in $5.9 million in stolen funds.<\/p>\n<figure style=\"width: 1225px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/6FIzaRyz\/\"><\/a><figcaption class=\"wp-caption-text\">Polygon (MATIC) price on May 21 | Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/HhV001TA\/\">MATICUSDT On Binance, TradingView<\/a><\/figcaption><\/figure>\n<p>The increasing prevalence of scams disguised as services is a growing concern within the cryptocurrency ecosystem. The United States Federal Trade Commission (FTC) received over 7,000 reports of cryptocurrency scams in 2021, with losses totaling over $80 million. The agency has responded by offering tips, including avoiding unsolicited emails, and setting up help pages on their website and the Cybersecurity and Infrastructure Security Agency&#8217;s website.<\/p>\n<p><em>&#8211; Feature Image by Canva; Chart by TradingView<\/em><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A scam called the &#8220;Inferno Drainer&#8221; has targeted unsuspecting cryptocurrency users, resulting in approximately $6 million in stolen funds, according to Scam Sniffer, a company that monitors fraudulent activities online. The &#8220;Inferno Drainer&#8221; offers scammers readily available code to steal cryptocurrencies, and in exchange, the scammers provide a percentage of the stolen funds, typically around [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Cryptocurrency Theft of Nearly $6 Million Through 'Inferno Drainer' Scam - Bitrabo","description":"A scam called the \"Inferno Drainer\" has targeted unsuspecting cryptocurrency users, resulting in approximately $6 million in stolen funds, according to Scam Sni"},"footnotes":""},"categories":[316],"tags":[596,636,635,561,637,634],"class_list":["post-6514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-cryptocurrency","tag-drainer","tag-inferno","tag-million","tag-scam","tag-theft"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/6514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=6514"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/6514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/6517"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=6514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=6514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=6514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}