FreeDrain Unmasked | Uncovering an Industrial-Scale Crypto Theft Network

FreeDrain Unmasked | Uncovering an Industrial-Scale Crypto Theft Network
FreeDrain is a vast crypto phishing campaign abusing free publishing platforms and SEO manipulation to steal wallet seed phrases. It uses layered redirects, AI-generated content, and live operators primarily in the Indian Standard Time zone to drain victims’ funds. (Affected: Cryptocurrency users, free-tier web platforms)

Keypoints :

  • FreeDrain operates an industrial-scale crypto phishing network targeting wallet seed phrases globally.
  • The campaign exploits SEO techniques and comment spam (spamdexing) to rank malicious lure pages high on search engines.
  • Over 38,000 unique subdomains host lure pages on free-tier platforms like gitbook.io, webflow.io, github.io, and more.
  • Lure pages deceptively mimic legit wallet interfaces and redirect victims through multi-step chains to phishing pages.
  • Phishing sites use cloud hosting infrastructure such as Amazon S3 and Azure Web Apps with simple, effective exfiltration code.
  • FreeDrain operators appear to work weekdays in the UTC+05:30 (Indian Standard Time) timezone.
  • The campaign leverages AI-generated content to scale lure page creation rapidly, sometimes including tool artifacts in the text.
  • Redirector domains are algorithmically generated .com domains using GUID-like paths to manage redirections.
  • Some phishing pages include live chat functions where human operators interact with victims to maintain engagement.
  • Lack of effective abuse detection and reporting mechanisms on free-tier platforms enables the campaign’s persistence and growth.

MITRE Techniques :

  • Phishing (T1566) – Targeting users with crafted search results leading to phishing pages to steal wallet seed phrases.
  • Search Engine Optimization Abuse (T1190 variant) – Manipulating search results through spamdexing to increase lure page visibility.
  • Use of Web Service (T1102) – Hosting phishing and lure pages on free-tier cloud platforms like gitbook.io, webflow.io, github.io, and Azure Web Apps.
  • Data from Local System (T1005) – Stealing sensitive seed phrases inputted by victims via phishing forms.
  • Automated Collection (T1119) – Using scripted AJAX POST requests to exfiltrate stolen credentials to attacker-controlled endpoints.
  • Command and Control (T1071) – Utilizing persistent redirector domains and GUID-like session IDs to manage victim traffic flow.
  • Impair Defenses (T1562) – Evading detection using clean, unobfuscated JavaScript and rotating domains to prevent takedown.
  • Masquerading (T1036) – Phishing pages mimic legitimate wallet interfaces and domains for credibility.
  • Account Manipulation (T1098) – Abuse of free-tier publishing accounts with programmatically created aliases for scale and anonymity.

Indicator of Compromise :

  • The article includes thousands of URLs of lure pages hosted on free platforms like gitbook.io and webflow.io, which can be used to detect fraudulent domains.
  • Lists of algorithmically generated redirector domains (.com TLDs) with GUID-like paths help identify traffic routing.
  • Phishing URLs hosted on Azure Web Apps and Amazon S3 buckets, including examples like https://atomicwallet.azurewebsites.net/ and various AWS S3 endpoints.
  • Unique hashes and patterns in JavaScript exfiltration code are indicators to detect phishing form submission behavior.
  • Commit metadata (timestamps and emails) from GitHub repositories associated with lure pages can be leveraged as forensic data points.


Read more: https://www.sentinelone.com/labs/freedrain-unmasked-uncovering-an-industrial-scale-crypto-theft-network/

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