⚠️SCAM ALERT⚠️

..........🚨MUST READ🚨............

📈 Surge in DApp #Scams : 40,000 Using #InfernoDrainer Tool by July 2024

The number of #Decentralizedapplications (DApps) utilizing the Inferno Drainer tool has tripled in 2024, with figures reaching 40,000 by July.

☢️ This alarming rise highlights the increasing prevalence of crypto scams, according to Web3 security firm #Blockaid

The firm attributes the surge to the #BullishMarket , which has created a fertile environment for scammers seeking to exploit new opportunities.

👉👉👉 #InfernoDrainer fails attempt to launder $ETH — ‘not welcome’ in #RAILGUN

Railgun Foils Inferno Drainer's Latest Laundering Attempt

Railgun's privacy protocol recently thwarted the Inferno Drainer's attempt to launder over 174 ETH (approx. $533,000). On July 9, Railgun blocked the laundering attempt and forced the funds back to the original wallet. Railgun's Private Proofs of Innocence (Private POI) system, activated in this instance, ensured that stolen tokens could only return to the attacker's address and not be processed through Railgun.

About Railgun:

- Founded: January 2021

- Technology: Uses zero-knowledge (ZK) cryptography to conceal transaction details and balances.

- Private POI System: Introduced in January 2023, it blocks tokens linked to malicious activities, requiring a ZK-proof to confirm clean funds.

Inferno Drainer:

- Activity: Stolen over $180 million from 189,000 victims since August 2023.

- Previous Claims: Earlier allegations of misuse by North Korean hackers and comparisons to sanctioned mixers like Tornado Cash have been defended by Ethereum co-founder #VitalikButerin , emphasizing the need for privacy in transactions.

Railgun's recent action underscores its commitment to maintaining the integrity of its privacy features against misuse.

Source - cointelegraph.com

#BinanceSquareTrends

_🚨⚠️🚨Crypto Heist Alert!_ ⚠️
$BNB $PEPE $SHIB 🌏⤴️🪙



_$1.28M Stolen in PEPE and Altcoins_ 💸

A cryptocurrency trader has fallen victim to a wallet linked to the notorious Inferno Drainer, losing $1.28 million in PEPE and other altcoins.

_Key Details:_ 📊

🚨 $1.28 million stolen in PEPE and altcoins
🤥 Inferno Drainer-linked wallet implicated
📈 Suspicious transaction trail uncovered

_Inferno Drainer's Notorious History:_ 🔥

🚨 Multiple crypto wallets and exchanges hacked
💸 Millions stolen in various cryptocurrencies
🔮 Evasive tactics to evade detection

_Expert Insights:_ 💡

"Phishing attacks and social engineering likely used." - Crypto Security Expert
"Investors must prioritize wallet security and vigilance." - Blockchain Analyst

_Protect Your Assets:_ 🔒

📈 Enable 2-factor authentication
💰 Use reputable wallets and exchanges
📊 Monitor transactions and account activity

_Stay Informed:_ 📰

📊 Follow crypto security updates and alerts
🔍 Track Inferno Drainer's activities
📈 Adjust security measures accordingly

_Sources:_

- Coindesk (Inferno Drainer's Latest Heist)
- CNBC (Crypto Security Best Practices)
- Blockchain Analytics (Transaction Trail)

#CryptocurrencyCulture #Security #InfernoDrainer #PEPE #Altcoins #DOGSONBINANCE #blockchaintechnolo #CryptoHeist #StaySafeInTheCryptoWorld