Inferno Drainer Claims Another Victim: $1.28M Lost in PEPE and Altcoins

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A cryptocurrency trader lost over $1.28M in digital assets on October 14 after signing a malicious transaction associated with a phishing attack in late September.

According to blockchain intelligence firm Arkham, the attack was likely carried out using Inferno Drainer. The phishing-as-a-service toolkit has been responsible for hundreds of millions of dollars in stolen funds.

The investor’s wallet, identified as “0xb0b..40c7,” was drained of 108 billion PEPE, 73.8 million APU, and 165,000 MSTR tokens after being tricked into signing a phishing permit transaction.

#PeckShieldAlert The address 0xb0b8…40c7 has been drained of ~$1.28M worth of cryptos, including 108B $PEPE, 73.8M $APU, and 165K $MSTR, after signing a #phishing permit signature.
The #phishing address #Fake_Phishing442846 is linked to the scammers who drained $32M worth of… pic.twitter.com/fq3a4DD0tD

The method used in the attack is known as an “approval phishing attack,” which allows scammers to gain control of a victim’s wallet and transfer assets.

In this case, the stolen funds were moved across six transactions and distributed to multiple addresses controlled by the attackers.

#PeckShieldAlert The address 0xb0b8…40c7 has been drained of ~$1.28M worth of cryptos, including 108B $PEPE, 73.8M $APU, and 165K $MSTR, after signing a #phishing permit signature.
The #phishing address #Fake_Phishing442846 is linked to the scammers who drained $32M worth of… pic.twitter.com/fq3a4DD0tD

One of the wallets involved, “Fake_Phishing442846,” was linked to another phishing attack just two