{"id":95257,"date":"2024-09-29T02:35:19","date_gmt":"2024-09-29T06:35:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95257"},"modified":"2024-09-29T02:35:32","modified_gmt":"2024-09-29T06:35:32","slug":"scam-sniffer-losses-from-inferno-drainer-fraud","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/scam-sniffer-losses-from-inferno-drainer-fraud\/","title":{"rendered":"ScamSniffer Reports Major Losses from Inferno Drainer Fraud"},"content":{"rendered":"\n

Blockchain security<\/a> firm ScamSniffer reported that a cryptocurrency whale lost over $32 million in a transaction tied to the Inferno Drainer scam.<\/p>\n\n\n\n

\"ScamSniffer
ScamSniffer Reports Major Losses from Inferno Drainer Fraud<\/figcaption><\/figure>\n\n\n\n

A blockchain security company, ScamSniffer, has reported that a cryptocurrency whale incurred a loss of more than $32 million due to a transaction associated with the Inferno Drainer fraud operation.<\/p>\n\n\n\n

This operation exploits users by generating false versions of popular DeFi applications, thereby deceiving them into granting the fraudsters control over their wallets.<\/p>\n\n\n\n

Fraudulent Operation of the Inferno Drainer<\/h2>\n\n\n\n


Users are targeted by the Inferno Drainer service, which leads to substantial financial losses. Inadvertently, victims share access to their purses, rendering them susceptible to theft.<\/p>\n\n\n\n

The Operational Impact and the Size of the Losses<\/h2>\n\n\n\n

The Inferno Drainer operation has stolen over $215 million from over 200,000 victims, according to Dune Analytics panels from ScamSniffer. Operators extract 20% of the cryptocurrency that has been taken from wallets.<\/p>\n\n\n\n

Fraud Prevention and Alerts<\/h2>\n\n\n\n

The operation recommenced in May with the introduction of new features, following its shutdown by developers in November 2023. LookOnChain, a crypto data platform<\/a>, has advised users to exercise caution when signing unfamiliar transactions and to refrain from clicking on unfamiliar URLs.<\/p>\n\n\n\n

\n

To avoid phishing, please do not click on unknown links and avoid signing unknown signatures. Always double-check signatures before approving.<\/p>\n<\/blockquote>\n\n\n\n

Extra caution is required to ensure the security of cryptocurrency as fraud becomes more sophisticated.<\/p>\n\n\n\n

Strategies for Preventing Malicious Attacks<\/h2>\n\n\n\n

Users should ensure that their antivirus programs are up-to-date and employ anti-phishing software to safeguard against such attacks. Devices and software necessitate consistent updates to guarantee security<\/p>\n\n\n\n

It is recommended that users refrain from clicking on files from untrusted sources and always have two-factor authentication (2FA) enabled. There is also a need to be vigilant about phishing attempts conducted through social media.<\/p>\n\n\n\n

Inferno Drainer employs fake scripts of popular Web3 protocols to entice users to authorize transactions and connect their wallets.<\/p>\n\n\n\n

Additionally, the fraudsters have advertised their services on a Telegram channel\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. In the final analysis, cryptocurrency security necessitates proactive measures and informed decision-making regarding prospective threats.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blockchain security firm ScamSniffer reported that a cryptocurrency whale lost over $32 million in a transaction tied to the Inferno Drainer scam. A blockchain security company, ScamSniffer, has reported that a cryptocurrency whale incurred a loss of more than $32 million due to a transaction associated with the Inferno Drainer fraud operation. This operation exploits […]<\/p>\n","protected":false},"author":36,"featured_media":95264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1135,22133,3875,22132],"class_list":["post-95257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-fraud","tag-inferno-drainer","tag-losses","tag-scam-sniffer"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/scam-4-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95257"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/95264"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}