'Inferno Drainer' scam as a service has stolen $5.9M since March: Report

‘Inferno Drainer’ scam as a service has stolen $5.9M since March: Report

The service provides code to scammers that allows them to drain wallets using token approval phishing methods

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A new scam as a service called “Inferno Drainer” has reportedly stolen nearly $6 million from unsuspecting crypto users, according to Web3 scam detecting firm Scam Sniffer. Inferno Drainer reportedly advertises that it provides ready-to-go code to scammers, allowing them to steal crypto in exchange for a 20% cut of the scammer’s crypto “loot”.

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.https://t.co/OEjdzHm2Ls

— Scam Sniffer (@realScamSniffer) May 19, 2023

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The scam service was discovered by security enthusiast and pseudonymous Twitter user 0xSaiyanElite, who

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