Inferno Drainer, a phishing operation, stole over $80 million in digital assets from cryptocurrency wallet providers between November 2022 and November 2023.

The scam used a multichain crypto drainer and operated under a scam-as-a-service model, creating over 14,000 phishing websites.

Victims were enticed with promises of free tokens and rewards for minting nonfungible tokens.

High-quality phishing pages and malicious scripts were used to carry out unauthorized transactions.

Despite claiming to shut down, the scam's control panel remained active, allowing exploitation by other hackers.

Over 137,000 victims were scammed by Inferno Drainer, leading to over $87 million in illicit profits.

The case underscores the ongoing risks faced by cryptocurrency holders as scams continue to evolve.