CertiK Report Reveals a Strange Twist Behind the ‘Monkey Drainer’ Scam
The latest report by the security-focused ranking platform CertiK revealed two individuals behind a several-million-dollar-heavy scam – and there is a twist to the duo’s partnership.
The report explained that “a number” of scammers had been using a phishing kit known as ‘Monkey Drainer’ over the last couple of months. This type of scam uses the technique called ‘ice phishing’, tricking users into giving the fraudsters full access to their funds.
Now, says CertiK, thanks to a November 2022 incident, two wallets used by two scammers in this type of fraud have been discovered – and this revealed two names: Zentoh and Kai.
The platform stated that,
“Our investigation has determined with a high degree of confidence Zentoh and Kai were behind a fake Porsche NFT website. This site, which utilized the Monkey Drainer tool, was active for approximately two weeks through mid to late November 2022.”
The site can still be viewed via web.archive. It claimed that “for the first time in history, Porsche is offering an original collection of freehand sketches in NFT form in a public free mint available from 11.11.22.”
During the period of time when the site was promoted online, particularly on Twitter by users and bots alike, people started raising the alarm that the project could be a scam, with one user reporting that the website asked for permission to spend their wrapped bitcoin (WBTC), the report stated. Even though the request was denied, the users allegedly still fell victim to it.
Per CertiK,
“One victim of this particular scam wallet lost $4.3 million in a single transaction. This is one of the most devastating losses to an ice phishing exploit.”
The funds were quickly transferred to another wallet, swapped for the DAI stablecoin, then
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