Crypto hacker falls victim to own scam losing $50 million to Inferno Drainer’s phishing attack
The hacker who drained UXLINK in a high-profile exploit has mockingly turn into a victim of crypto crime himself.
On Sept. 23, blockchain safety platform Scam Sniffer reported that the attacker misplaced roughly 542 million UXLINK tokens, valued at greater than $50 million, to a phishing scheme executed by one other unhealthy actor.
SlowMist co-founder Yu Xian suggested the theft bore the hallmarks of Inferno Drainer, a infamous “draining-as-a-service” (DaaS) supplier identified for promoting phishing kits and faux web sites.
Inferno Drainer’s involvement wouldn’t be solely shocking, contemplating the group is liable for stealing several million dollars from unsuspecting crypto customers throughout a number of chains.
Considering this, Xian mocked the irony of the scenario, noting that the hacker fell for fundamental authorization traps related to these he had deployed towards UXLINK.
UXLINK hack
The unique UXLINK breach occurred on Sept. 22, when the AI-powered Web3 social platform was compromised.
Blockchain safety agency Cyvers reported that the breach started when an attacker executed a delegateCall perform to strip admin privileges and add themselves as an proprietor to the platform’s sensible contract.
This transfer allowed the theft of $4 million in USDT, $500,000 in USDC, 3.7 wrapped Bitcoin, and 25 ETH. The stolen stablecoins have been shortly swapped into DAI, whereas funds moved throughout the Ethereum and Arbitrum networks.
Hours later, a second tackle acquired 10 million UXLINK tokens, price about $3 million, and started offloading them by decentralized exchanges.
By Sept. 23, the scenario had escalated additional. Blockchain analytics platform Lookonchain reported that the attacker minted 2 billion UXLINK tokens and offered giant quantities throughout bEXs and centralized exchanges, netting 6,732 ETH, roughly $28 million.
In response, UXLINK confirmed the exploit and moved to restrict the injury.
The workforce acknowledged that it was working with exchanges to freeze stolen belongings. It additionally added that it has enlisted the assistance of blockchain safety agency PeckShield, and urged buying and selling platforms to droop UXLINK buying and selling pairs quickly.
It added:
“We will promptly provoke a token swap plan to make sure the integrity of our token economic system. Further particulars and directions for the token swap can be introduced shortly.”
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