A phishing group stole $59 million in crypto from social network users
The cybercriminal group behind the MS Drainer malware , as well as its partners, have stolen almost $59 million from users of the social network X (formerly Twitter) since March 2023. This data was shared by ScamSniffer researchers who studied the phishing empire of the MS Drainer developers .
In particular, they found that cybercriminals use about 10 thousand phishing resources . Their victims were approximately 63 thousand users of the social network X. Advertisements leading to these sites were targeted at holders of cryptocurrency assets . After clicking on such an advertisement, the user was transferred to a site where he was deceived into approving malicious contracts .
This made it possible for attackers and their partners to automatically carry out unauthorized transactions and withdraw funds from cryptocurrency wallets. The MS Drainer software itself is, in fact, a malicious smart contract , and in fact, a full-fledged phishing system .
At the same time, the MS Drainer source code can be purchased for only $1,500 . However, in the future, the buyer will have to pay 20 percent from each illegal cryptocurrency transfer , which became possible thanks to this software. In addition, you can purchase additional modules that add new functions to MS Drainer. Their cost varies from 500 to 1000 dollars .
ScamSniffer data shows that the owner of the Ethereum wallet who suffered the most from MS Drainer’s work was the owner of $24 million worth of cryptocurrency. In all other cases , from 440 thousand to 1.2 million dollars were taken from the owners of their wallets. At the same time, the malware is also promoted on Google using advertising tools . Typically, these ads are served using keywords associated with DeFi platforms: Zapper, Lido, Stargate, Defillama, Orbiter Finance and Radiant.
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