Inferno Drainer may have shut down in November 2023, but users of the devastating scam-as-a-service platform still pose a risk as they look for other avenues.
Setting the crypto world ablaze
In the eyes of most regular Internet users, the world of cryptocurrency has always been shrouded in a vale of mystery. That said, the allure of potential financial gain has been sufficient to appeal to millions of people worldwide. The cryptocurrency world also attracts criminals trying to capitalize on people’s lack of experience and awareness.
There are now thousands of cryptocurrencies in circulation, which creates countless opportunities not only for legitimate users but also for cybercriminals. One of the most common techniques nowadays is a crypto-related phishing scam involving a type of malware known as a drainer. How is this malware leveraged and why is its use on the rise?
Group-IB’s High-Tech Crime Investigation department has uncovered details about drainer-related schemes and infrastructure that will help users and organizations to identify malicious websites and secure their assets.
This blog post describes the case of Inferno Drainer, a notable phishing operation that functioned under the scam-as-a-service model. In November 2023, the team behind the drainer announced in their Telegram channel that the malware was shutting down for good, after a widespread campaign targeting cryptocurrency wallet providers that left a massive amount of financial damage in its wake..Read More!
