2023-11-27

🎭 Scam-as-a-Service Inferno Bows Out!

November 27, 2023

Howdy Folks,I hope everyone had a great Thanksgiving (if that's your jam)...I'm thankful for an uneventful weekend in the crypto markets!

Let's take the plunge!

🚨 Lagarde's Family Crypto Caution
💸 End of a Notorious Crypto Scam
🕵️‍♂️ NFT Collector Outsmarts Fraudsters

📉 ECB Chief's Son Takes Crypto Hit

European Central Bank President Christine Lagarde's son faced a tough lesson in cryptocurrency investing, losing 60% of his investment.

This personal story, shared by Lagarde, highlights the risks of the volatile crypto market. 📊💸

Despite Lagarde's professional warnings about crypto's speculative nature and potential for illicit use, her son’s experience brings her cautions closer to home.It's a relatable example of the financial dangers lurking in crypto, especially for young, adventurous investors. 🚫👨‍👦It's our job as crypto pioneers to help educate newbs...

Lagarde's anecdote at a Frankfurt town hall underscores her stance on crypto: freedom to invest but not to engage in criminal activities.The ECB's push for global crypto regulation reflects these concerns, aiming to protect consumers and maintain financial stability. 🌍⚖️Global regulation may sound scary, but it's the only way we'll get mass adoption...do you agree?

As the ECB slowly progresses toward a digital euro, Lagarde’s personal tale serves as both a warning and insight into the challenges and allure of cryptocurrency. 🏦🔍

🔒 Infamous Inferno Drainer Closes Shop

Inferno Drainer, known for its wallet-draining scams in the crypto world, is shutting down.

This service, infamous for aiding in the theft of almost $70 million in crypto, announced its closure in a Telegram post. 📱🔚

Gaining notoriety in 2023 after Monkey Drainer’s shutdown, Inferno Drainer offered a wallet-draining tool, taking a 20% cut from the stolen crypto.Web3 anti-scam platform Scam Sniffer reports it victimized over 100,000 users. 💻🎭

The team expressed gratitude to its users in their farewell message, portraying themselves as the “best drainer” in the crypto sphere. 🤬Oh, how magnanimous! Butt heads!

Security firm CertiK highlighted Inferno Drainer’s impact, but other drainers like Pink Drainer and Angel Drainer remain active, indicating ongoing risks in the crypto landscape. 🚨🌐We're not 100% safe, but at least this one is gone!

Inferno Drainer’s exit reflects a key moment in the crypto scam saga, underscoring the perpetual challenge of securing digital assets against such sophisticated threats. 🛡️📉

🍌 BAYC Owner Dodges 'Forbes' Scam

A Bored Ape Yacht Club (BAYC) NFT owner, known as 'Crumz,' narrowly escaped a clever scam by individuals posing as Forbes journalists.

The incident, detailed by Crumz on November 27, showcases the evolving tactics of digital asset scammers. 📰🎭

The scam unfolded when an impersonator, pretending to be Forbes editor Robert LaFanco, approached Crumz with an offer to interview him about BAYC.During this faux interview, the scammer asked Crumz to click a button to record the session and later to fetch a banana, supposedly to relate to his Ape NFT. 📞💻

Crumz, sensing red flags like the use of a non-premium Zoom account and an unusual request for a separate recorder bot, grew suspicious.Always use your common sense!His instincts proved right when he noticed the scammer trying to take control of his screen, presumably to steal his digital assets. 🚨🖥️

By choosing to stay by his computer instead of fetching the banana, Crumz averted what could have been a significant loss.His experience serves as a cautionary tale for digital asset holders, emphasizing the importance of vigilance and skepticism in the face of seemingly legitimate offers. 🛡️🐒

Scammers will get sneakier and sneakier...be aware, folks!