Crypto drainers face mounting pressure from law enforcement as investigators uncover deeper links between services like Inferno Drainer and high-profile attackers.
Major cryptocurrency drainers like Inferno and Pink made headlines this year by announcing they were retiring — but victims continue to lose staggering sums.
A crypto drainer typically tricks a user into connecting a wallet and approving a transaction that drains all of the user’s funds.
In October, more than $20 million was lost to phishing schemes, according to Scam Sniffer. While the month’s volume was down 56% from September, the number of victims — 12,058 — jumped 20% month-over-month.
Alex Katz, CEO and co-founder of internet browser security plugin Kerberus told Cointelegraph that draining volume can vary month by month along with market conditions, but the increasing number of victims was alarming.
