Inferno Drainer Heists $850K from Swiss Fund Prime Invest

On January 27th, a Swiss fund, PrismInvest, experienced an $850K LINK drainage orchestrated by Inferno Drainer, as reported by Arkham.

Over the past few years, this address has deposited almost $300K to a Binance Deposit address owned by Prisminvest, and has considerable counterparty volume with other wallets also depositing to that address.

— Arkham (@ArkhamIntel) February 5, 2024

The assailant, operating as “Alchemist63,” greenlit two transactions, resulting in consecutive losses of $450K LINK each within a brief 12-second interval. 

The victim’s address, intricately tied to PrismInvest, notably shows a history of substantial deposits into a Binance address, indicating potential connections with other wallets.

The attack, facilitated by the Inferno Drainer software, inflicted a cumulative loss exceeding $1M across various crypto users. Tracking the stolen funds revealed their passage through Chainlink’s Uniswap V2 pool, leading to a significant $120K loss due to slippage.

Despite the substantial financial impact, it appears improbable that the MEV bots orchestrating the attack will entertain any refund requests. This incident underscores the vulnerabilities inherent in crypto transactions and highlights the perils associated with sophisticated cyber assaults.

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2024-02-05 17:40