A memecoin trader lost $453,0000 worth of PEPE to a phishing scam earlier today after clicking on a link that approved a malicious transaction on his wallet.

In two transactions, the scammer siphoned more than 356 billion PEPE tokens from the victim’s 0x9ea22 address. The phishing scammer addresses 0xfb4d3 and 0xfd178 are associated with Inferno Drainer, a scam as a service provider. According to Scam Sniffer, the vendor specializes in multichain scams and usually charges 20% of the stolen assets.

Data from Dune Analytics showed that the scammers were responsible for stealing assets worth over $7 million from more than 5000 victims. Usually, the scammers created about 700 phishing sites since March 27, targeting various trending projects.

Inferno Drainer Phishing Scam
Inferno Drainer Phishing Scam (Source: Dune Analytics)

Meanwhile, another user in the comments claimed they lost 2.7 billion PEPE to the same phishing scam and are now looking for ways to retrieve the funds.

Another Phisher Made $2.3M From 880 Victims

Another phishing scammer Pink Drainer

Go to Source to See Full Article
Author: Oluwapelumi Adejumo

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