Beware: Scam-as-a-Service Aiding Cybercriminals in Crypto Wallet-Draining Attacks
Dec 30, 2023
Cryptocurrency / Phishing Scam
Cybersecurity researchers are warning about an increase in phishing attacks that are capable of draining cryptocurrency wallets. "These threats are unique in their approach, targeting a wide range of blockchain networks, from Ethereum and Binance Smart Chain to Polygon, Avalanche, and almost 20 other networks by using a crypto wallet-draining technique," Check Point researchers Oded Vanunu, Dikla Barda, and Roman Zaikin said . A prominent contributor to this troubling trend is a notorious phishing group called Angel Drainer, which advertises a "scam-as-a-service" offering by charging a percentage of the stolen amount, typically 20% or 30% , from its collaborators in return for providing wallet-draining scripts and other services. In late November 2023, a similar wallet-draining service known as Inferno Drainer announced that it was shutting down its operations for good after helping scammers plunder over $70 million worth of crypto from 103,676 victims sinc