Hackers were pretending to be Coinbase and used well-crafted phishing pages to steal people’s cryptocurrency hauls, according to a report from cybersecurity researchers Group-IB.
As per the report, between November 2022 and 2023, an unnamed group of hackers operated a malware-as-a-service, called Inferno Drainer.
As the name suggests, this type of malware is capable of draining all of the funds found in people’s cryptocurrency wallets, including both fungible and non-fungible tokens (NFT). Other threat actors would use the drainer, and give 20% of all the profits to the operators.