Crypto Potato News
Popular crypto privacy protocol Railgun has successfully thwarted Inferno Drainer’s latest effort to launder stolen funds, which were sent back to the original wallet’s address.
According to a July 10 post by SlowMist’s anti-money laundering tracking system, MistTrack on X, an attempt to launder over 174 ETH, worth around $533,000 at the time, was intercepted by Railgun. This forced the perpetrators to return the stolen ETH to Inferno Drainer’s original wallet.
Inferno Drainer is Back
Inferno Drainer, a notorious multichain crypto drainer, has been operating under a scam-as-a-service mode. It deceived victims by using sophisticated phishing websites to trick them into connecting their crypto wallets to the attackers’ network.
The group announced shutting down its operations after reportedly siphoning off over $80 million from 5,000 victims via 689 phishing sites from a period of November 2022 to November 2023. However, Inferno Drainer resumed its activities in May, citing “increased demand” and the exit of competitors like Pink Drainer as the reason behind its return to the illicit market.
Despite its inactivity for nearly six months, the scam group claimed it drained more than $125 million in crypto assets in what it described as “private operations.”
