A scam-as-a-service company has siphoned off approximately $6 million worth of crypto assets from unsuspecting users. According to a report from Web3 scam-detecting firm Scam Sniffer, a scam vendor dubbed "Inferno Drainer" has stolen $5.9 million in assets from 4,888 victims across 689 phishing websites targeting popular projects since the start of the year.
The report detailed that Inferno Drainer specializes in multi-chain scams and provides ready-to-go code to scammers in return for 20% of the stolen assets. "By analyzing the associated data on the Mainnet, Arbitrum, BNB, and other chains, we found them has stolen about $5.9 million in assets and have nearly 4,888 victims so far!"The scam was discovered after a Twitter user who goes by the name of 0xSaiyanGod, also known for their interest in security matters, stumbled upon a promoter of the scam service while browsing the Scam Sniffer Telegram channel.
Upon reporting the scammer to the channel, the security service initiated an investigation. Scam Sniffer then uncovered a screenshot evidencing a $103,000 transaction made through a phishing scam that utilized a Permit2 exploit, which takes advantage of a simplified version of the token approval process.
With the transaction hash in hand, the Scam Sniffer team went on to search for the exploiter's address, which was eventually discovered.Read more on cryptonews.com