Crypto Times Logo Black
Google News Follow Banner
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • DeFi News
    • Blockchain News
    • Industry
  • Exclusive
    ExclusiveShow More
    GENIUS Deadline Missed, CLARITY Act Stalls on Ethics: USA’s 2 Crypto Laws Stuck
    GENIUS Deadline Missed, CLARITY Act Stalls on Ethics: USA’s 2 Crypto Laws Stuck
    2 Years of the ₹2,000 Cr WazirX Hack: The Money Never Came Back. Neither Did the Founder
    2 Years of the ₹2,000 Cr WazirX Hack: The Money Never Came Back. Neither Did the Founder
    The Robinhood Chain Paradox Built for Tokenized Stocks, Dominated by Memecoins
    The Robinhood Chain Paradox: Built for Tokenized Stocks, Dominated by Memecoins
    Senators to Brief Trump on CLARITY Act Path - Here's What to Expect
    Senators to Brief Trump on CLARITY Act Path – Here’s What to Expect
    CLARITY Act 5 Fights Still Unresolved Before the Merged Draft Drops
    CLARITY Act: 5 Fights Still Unresolved Before the Merged Draft Drops
  • Opinion
    OpinionShow More
    The Execution Gap: Why the Next Breakthrough in Financial AI is Human Behavior
    The Execution Gap: Why the Next Breakthrough in Financial AI is Human Behavior
    The Bitcoin Treasury Blueprint What Stress Testing on Strategy Inc.’s MSTR-STRC Reveals
    The Bitcoin Treasury Blueprint: What Stress Testing on Strategy Inc.’s MSTR-STRC Reveals
    Why Wall Street is Divided Michael Saylor’s Scarcity vs. Tom Lee’s Staking Empire
    Why Wall Street is Divided: Michael Saylor’s Scarcity vs. Tom Lee’s Staking Empire
    The Arthur Hayes Paradox Macro Prophet or Market Opportunist
    The Arthur Hayes Paradox: Macro Prophet or Market Opportunist?
    RBI Denies Gold Sale Amid Oil Crisis: Could It Speed Up India's Digital Rupee Push?
    RBI Denies Gold Sale Amid Oil Crisis: Could It Speed Up India’s Digital Rupee Push?
  • Learn
    • Explained
    • How To
    • Insights
  • Videos
  • More
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
The Crypto TimesThe Crypto Times
  • All News
  • Market
  • Bitcoin
  • Ethereum
  • Altcoins
  • Regulations & Policies
  • Blockchain
  • DeFi
  • Industry
  • Exclusive
  • Opinion
Search
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • Blockchain
    • DeFi
    • Industry
    • Exclusive
    • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Quick Links
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • AI Policy
    • Sponsored & Advertorial Policy
  • Videos
  • Glossary
Follow US
© 2026 By Crypto Times. All Rights Reserved.
Market News

Inferno Drainer Heists $850K from Swiss Fund Prime Invest

The victim's address shows a $300K history with the Binance Deposit address Prisminvest, suggesting active engagement with various wallets.

Written By Ronak Kumar
Published 2024-02-05
Make The Crypto Times preferred on GoogleGoogle
Share
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.https://t.co/awOLcfouuM pic.twitter.com/Shli2WxKTz

— Arkham (@arkham) 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.

Also Read: Binance Freezes $4.2M XRP Stolen in Ripple Wallet Breach

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!      Google News

Share This Article
Whatsapp Whatsapp LinkedIn Telegram Copy Link

Latest News

India Explains How Drug Syndicates Use Crypto to Evade Detection
India Explains How Drug Syndicates Use Crypto to Evade Detection
XRP Lawyer Slams Democrats Over CLARITY Act Support Pullout
XRP Lawyer Slams Democrats Over CLARITY Act Support Pullout
CFTC Chair Selig Backs c After Senate Draft Release
CFTC Chair Selig Backs CLARITY Act After Senate Draft Release
Bitcoin Nears Key Test as ETF Demand Returns: Glassnode
Bitcoin Nears Key Test as ETF Demand Returns: Glassnode
Can SpaceX Stock Reclaim $175 as August Share Unlock Nears?
Can SpaceX Stock Reclaim $175 as August Share Unlock Nears?

Find Us on Socials

You may also like

Brian Armstrong Says CLARITY Act Is Ready for Senate Floor Vote

Brian Armstrong Says CLARITY Act Is Ready for Senate Floor Vote

Circle Stock (CRCL) Drops Over 6% in 24 Hours Amid Market Pressure

Circle Stock (CRCL) Drops Over 6% in 24 Hours Amid Market Pressure

DeXe Token’s 90% Price Crash Sparks Rug Pull Accusations

DeXe Token’s 90% Price Crash Sparks Rug Pull Accusations

XRP Whales Add 2.8% More Tokens As Price Moves Above $1.16

XRP Whales Add 2.8% More Tokens As Price Moves Above $1.16

The Crypto Times Logo PNG

Providing real-time, accurate Crypto reporting. Your trusted source for Crypto News and Research.

Stay Updated

All News
Exclusive
Opinions
Learn
Videos
Glossary

Company

About Us
Our Authors
Editorial Policy
AI Policy
Advertorial Policy

Get In Touch

Contact Us
Career

Find Us on Socials

X-twitter Linkedin Telegram Youtube Instagram

© 2026 The Crypto Times | A BITROCK TECHNOLOGIES L.L.C. Company.

DMCA.com Protection Status
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Cookie policy
Do Not Sell or Share My Personal Information