The NFT ecosystem is no stranger to scams and fraudulent activities, but a new player has entered the field, raising alarm bells within the crypto community. It goes by the name of “Inferno Drainer”, and it’s causing quite a stir.Inferno Drainer is a malicious software provider allegedly linked to thousands of scams resulting in the theft of several million dollars​​. It’s a type of “malware-as-a-service” product that provides the software and malicious site hosting, with charges based on the amount stolen​​. The scammer reportedly charges 20% to 30% of the stolen assets in exchange for their malicious software, which is then used to create fraudulent websites​​.Read also: <a href="https://nftandgamefi.com/2023/02/01/nft-art-market/" rel="noopener noreferrer nofollow">The NFT impact: conventional and digital art</a>Scam Sniffer, a platform specializing in the identification of scams, revealed that by analyzing off-chain and on-chain data on Ethereum, Arbitrum, BNB Chain, and other chains, they identified 4,888 victims who collectively lost over $5.9 million in cryptocurrencies and NFTs due to Inferno Drainer​​. Approximately 1,699 ETH is reported to have been stolen and distributed across five different addresses, each holding between 300 and 400 ETH​​.The extent of these scams was discovered when a suspected Inferno Drainer member named “Mr Inferno” appeared in a Scam Sniffer’s Telegram group, leading to the discovery of a website promoting the scammer’s services​. Inferno is reported to have created nearly 689 phishing websites since March 27, 2023, but the illicit activities could have started even earlier​​.Read the full article: <a href="https://nftandgamefi.com/2023/05/22/inferno-drainer-emerging-threat/" rel="noopener noreferrer nofollow">The Inferno Drainer: An Emerging Threat</a>

The Inferno Drainer: An Emerging Threat

NFTandGameFi

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