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Home » Crypto Fund Hit: $1 Million LINK Theft Amid Tokenization Boom – BeInCrypto

Crypto Fund Hit: $1 Million LINK Theft Amid Tokenization Boom – BeInCrypto

Crypto Fund Hit: $1 Million LINK Theft Amid Tokenization Boom – BeInCrypto

Arkham Intel reported that the Inferno Drainer crypto hack stole funds allegedly belonging to a Swiss investment fund, PrismInvest. Inferno Drainer siphoned $900,000 worth of LINK tokens on January 27, 2024, raising concerns about the recent tokenization boom. Infamous hacking group Inferno Drainer reportedly secured signatures from “Alchemist63” for two separate transactions. The attack on the Swiss fund reportedly occurred on the morning of January 27, 2024. The first transaction signed by Alchemist63 drained $400,940 worth of LINK. Twelve seconds later, Inferno duped Alchemist63 into switching chains and transferring an additional $456,400 in LINK. The victim’s address resembles a Binance account… 

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