A trader of memecoins lost $453,000 worth of PEPE to a phishing scam after clicking on a link that approved a malicious transaction on their wallet. The scammer siphoned over 356 billion PEPE tokens from the victim's address. The phishing scammer is associated with Inferno Drainer, a scam-as-a-service provider that specializes in multichain scams and charges 20% of the stolen assets. The scammer has stolen assets worth over $7 million from more than 5000 victims and has created about 700 phishing sites since March 27. The emergence of scam-as-a-service providers highlights the sophistication of phishing scams in the crypto ecosystem.