Eastern European Hacker Group Linked to Major Ethereum Theft

Recent investigations have revealed the perpetrators behind a significant Ethereum theft. SlowMist founder, Yu Jian, has confirmed that Eastern European hacker group Inferno Drainer was responsible for stealing 12,000 ETH from Shen Yu in a notable heist last year. Despite some similarities in laundering techniques observed with North Korean hackers, recovering the stolen funds remains a complex undertaking. Moreover, on September 28, 2024, Lookonchain disclosed that a phishing attack targeting a specific address resulted in the loss of $32.33 million worth of WETH. Arkham suggests this wallet may be connected to Cobo co-founder and CEO, Shen Yu (@bitfish1).