Researchers have detailed how a scam campaign spoofed over a hundred cryptocurrency brands in the past year, stealing at least $80 million in assets from its victims' digital wallets. The Inferno Drainer operation, which combined phishing efforts with infrastructure designed to collect stolen digital currency, was deployed in the wild for a year and became one of the biggest crypto drainers worldwide before its developers shut it down in November 2023, according to a report by Singapore-based cyber firm Group-IB. Inferno Drainer operated under the scam-as-a-service model, with affiliates keeping 80 percent of each theft and the organizers taking 20 percent Continue reading
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