Scam Sniffer, a leading platform specializing in identifying scams, recently disclosed the existence of a nefarious software provider known as Inferno Drainer. This malicious entity has allegedly orchestrated numerous scams, resulting in the theft of several million dollars. By meticulously analyzing both off-chain and on-chain data from popular blockchains like Ethereum, Arbitrum, and BNB Chain, the security firm has identified a staggering total of 4,888 victims who collectively lost over $5.9 million worth of cryptocurrencies and NFTs.
Among the stolen assets, approximately 1,699 ETH (Ethereum) has been traced to five distinct addresses, each containing a balance of 300 to 400 ETH. The scale and impact of these scams were brought to light when an individual, known by the pseudonym “Mr. Inferno,” appeared in a Scam Sniffer Telegram group. Subsequent investigation led to the discovery of a website that promotes the services provided by this scammer. Scam Sniffer explained to Decrypt that their identification of a large number of malicious websites was made possible through their product, which offers Web3 malicious website scanning capabilities.
According to reports, Inferno Drainer charges a fee of 20% to 30% of the stolen assets in exchange for their malicious software, which is specifically designed to create fraudulent websites. This revelation has shed light on the activities of Inferno, which has reportedly created close to 689 phishing websites since at least March 27, based on available on-chain activity data. However, Scam Sniffer acknowledges that the actual start date of their operations may precede this period.
The emergence of Inferno Drainer has raised concerns within the cryptocurrency community, as it specifically targets popular projects operating on major blockchains. The scams orchestrated by Inferno have had significant financial consequences for numerous individuals, highlighting the need for enhanced vigilance and security measures within the crypto space.