The number of malicious dapps using the Inferno Drainer service to steal cryptocurrencies has tripled over six months, reaching 40,000. This is reported by Cointelegraph, citing statistics from Blockaid.
In November 2023, the team behind the crypto drainer announced the tool’s closure, yet it has become active again this year.
“At the beginning of the year, we saw about 800 new malicious dapps per week. Now that number is 2400 per week,” explained Oz Tamir, Head of Research and Development at Blockaid.
According to him, Inferno Drainer likely lacks special features that attract wrongdoers. Typically, they prefer accessible tools with low fees.
Overall, Blockaid notes an increase in fraud attempts by various threat actors—on average, their scanning detects 180,000 malicious entities per week. Tamir links this trend to “bullish movements” in the market.
“More users and money are entering the ecosystem, so wrongdoers are increasingly motivated to invest in new, unconventional attacks,” he explained.
The researcher added that “lesser security measures” in new networks provide hackers with opportunities for quick gains.
Inferno Drainer was advertised as a multichain scam. Its creators offered clients an administration panel with the ability to configure phishing pages and even provided a trial version. For their services, they received 20% of the funds stolen by users.
In 2023 alone, it facilitated the theft of assets worth nearly $70 million.