As crypto market conditions rise, scammers are increasing their efforts to steal investors’ assets, making the notorious Inferno Drainer The number of decentralized applications (DApps) using the tool has tripled. According to data from Web3 security firm Blockaid, the number of DApps using Inferno Drainer has risen to 40,000 by the end of July 2024.
Important Warning from a Famous Name
Blockaid’s The number of new malicious DApps using the tool has increased threefold, said Oz Tamir, research and development lead at the company: A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
“At the beginning of the year we saw around 800 new malicious DApps per week. Now that number has tripled to 2,400 per week.”
These types of platforms are phishing tools specifically designed for crypto. These apps allow phishing scammers to gain access to wallets by tricking users into signing token endorsements. This ultimately gives malicious actors a way to steal their funds. Inferno Drainer helped steal $70 million before claiming to be shut down in 2023. However, the scam service has resurfaced and has become increasingly active this year.
Inferno Although the tool looks complicated, Tamir believes it’s nothing special and says it’s a tool currently available to scammers. The security researcher explained that scammers often change tools depending on what’s available:
“To be honest, we don’t think Inferno has any particular ability that makes it stand out from the rest. Scammers usually choose their methods based on what’s currently available and the commission the drainer receives.”
Details on the Subject
Fix, He believes that the increase is related to increased fraud attempts among different threat actors. The Blockaid research leader explained that they saw an average of 180,000 malicious scan results per week at the beginning of 2024. Tamir also believes that this trend is due to the current bull market conditions that the crypto space has experienced in the last few months. The Web3 researcher explained:
“As more users and money enter the ecosystem, attackers are increasingly motivated to invest in new and novel attacks.”
The researcher added that attackers are also taking advantage of new chains being deployed. Tamir believes that these new ecosystems have fewer security measures and that attackers see them as an opportunity to make a quick buck.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
