The proliferation of SaaS platforms has given rise to a disturbing trend: the emergence of Scam as a Service offerings . One notable entity, Inferno Drainer has gained notoriety for its illicit activities . Scam Sniffer, a platform dedicated to tracking scams recently published a chilling report on Inferno Drainer that revealed its malicious operations .
Millions Stolen and Thousands of Victims
According to Scam Sniffer Inferno Drainer has been responsible for pilfering approximately $5 .9 million in cryptocurrencies leaving nearly 4,888 victims in its wake . The Mainnet, Arbitrum, BNB and other channels have been exploited by Inferno Drainer with the stolen assets amounting to $5 .9 million . Shockingly the developers behind Inferno Drainer have retained 20% of the stolen funds netting $1 .18 million for themselves .
Empire of Fraudulent Sites
Inferno Drainer has built an empire of fraudulent websites with Scam Sniffer detecting the creation of over 689 phishing sites by Inferno since March 27 . These deceptive sites target more than 220 popular brands, including Pepe, Bob, Collab .Land, zkSync, Sui, ChainGPT and PUYSPOP . Offering a turnkey service Inferno even provides the option for customers to have their own phishing sites built for a share of the profits .
Multi-Channel Theft and Desperate Victims
Inferno Drainer operates across multiple channels with reported thefts of $4 .3 million from Ethereum, $790,000 from Arbitrum, $410,000 from Polygon and $390,000 from BNB Chain . After falling victim to the scams desperate victims have attempted to contact the fraudsters in hopes of recovering a portion of their stolen funds which highlights the distress faced by those affected by these attacks .
Decrease in Hacks, but Vigilance Remains Crucial
Despite the alarming activities of Inferno Drainer and similar entities there is some positive news regarding the overall trend of hacks . Data indicates a 70% decrease in hacks during the first quarter of 2023 . However caution and vigilance remain essential in the face of evolving scams and the increasing sophistication of malicious actors .
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