Inferno Drainer says it’s shutting down after helping steal $70M in crypto

Source: TelegramInferno Drainer got prominence early this year and saw increased usage after the popular Monkey Drainer tool shut down. The Inferno Drainer team suggested the amount stolen was over $80 million.The Inferno Drainer team has actually deleted the affiliate Telegram account “mr_inferno_drainer” used for arranging its service and warned its users not to rely on other drainers utilizing its name in the future.Related: Pink, Pussy, Venom, Inferno– Drainers coming for a crypto wallet near youBlockchain security firm CertiK informed Cointelegraph that Inferno Drainer was “one of the most damaging phishing packages to the neighborhood weve seen.” It added there are still “plenty of service providers out there” who are active, including rival Pink Drainer and Angel Drainer, the latter of which released an update on Nov. 25 to assist users drain pipes wallets on more blockchains.Monkey Drainer, another prominent crypto drainer that took millions, shut down in March, saying it was “time to move on to something much better.

Inferno Drainer, one of the most popular crypto wallet-draining kits for hire states it is closing down for great after helping phishing scammers steal almost $70 million worth of crypto this year. In a Nov. 26 Telegram post, the group behind Inferno Drainer stated it was “time for us to proceed.” Nevertheless, it stated that the files and infrastructure required to run the wallet drainer wont be destroyed however rather will remain active so users can make a “smooth transition” to other services.” It has actually been a long ride with all of you and we d like to thank you from heart [sic] Unfortunately, absolutely nothing lasts permanently.”” A huge thank [sic] to everyone who has dealt with us,” it included. “We hope you can remember us as the best drainer that has actually ever existed and that we prospered in helping you in the quest of generating income.” Inferno Drainers final message to its users. Source: TelegramInferno Drainer got prominence early this year and saw increased usage after the popular Monkey Drainer tool shut down. Like its peers, Inferno provided its crypto wallet-draining software application and took a 20% cut of what users stole. Given That February, Inferno Drainer has stolen nearly $70 million from over 100,000 victims, according to analytics from Web3 anti-scam platform Scam Sniffer. The Inferno Drainer group suggested the amount stolen was over $80 million.The Inferno Drainer group has erased the affiliate Telegram account “mr_inferno_drainer” used for organizing its service and alerted its users not to trust other drainers using its name in the future.Related: Pink, Pussy, Venom, Inferno– Drainers coming for a crypto wallet near youBlockchain security firm CertiK informed Cointelegraph that Inferno Drainer was “one of the most destructive phishing kits to the community weve seen.” It added there are still “plenty of service providers out there” who are active, consisting of rival Pink Drainer and Angel Drainer, the latter of which released an upgrade on Nov. 25 to help users drain pipes wallets on more blockchains.Monkey Drainer, another high-profile crypto drainer that took millions, shut down in March, saying it was “time to move on to something much better.” Magazine: Tornado Cash 2.0– The race to build legal and safe coin mixers

Other Questions People Ask

What led to Inferno Drainer shutting down after helping steal $70M in crypto?

Inferno Drainer announced its shutdown after reportedly assisting in the theft of nearly $70 million worth of cryptocurrency. The team stated it was time to move on, reflecting on their journey and thanking users for their support. Despite the closure, they indicated that the infrastructure would remain active for a smooth transition to other services, highlighting the ongoing risks in the crypto space.

How did Inferno Drainer contribute to the theft of $70M in crypto?

Inferno Drainer operated as a wallet-draining service, allowing users to steal funds from unsuspecting victims. Since its inception in February, it has reportedly stolen nearly $70 million from over 100,000 victims, taking a 20% cut from each theft. The tool gained popularity after the shutdown of Monkey Drainer, indicating a growing demand for such phishing services in the crypto community.

What warnings did Inferno Drainer issue to its users before shutting down?

Before shutting down, Inferno Drainer deleted its affiliate Telegram account and warned users against trusting other drainers using its name. The team emphasized that users should be cautious and not rely on similar services that may claim to be associated with Inferno Drainer. This warning reflects the ongoing threat of phishing scams in the cryptocurrency landscape.

What impact did Inferno Drainer have on the cryptocurrency community?

Inferno Drainer was identified as one of the most damaging phishing packages by blockchain security firm CertiK, which noted its significant impact on the crypto community. The tool's operations contributed to a staggering amount of stolen funds, raising alarms about the vulnerabilities within cryptocurrency wallets. Its closure leaves a gap in the market, but other active drainers like Pink Drainer and Angel Drainer continue to pose risks.

What should users know about transitioning from Inferno Drainer after its shutdown?

Users transitioning from Inferno Drainer should be aware that while the service is shutting down, the infrastructure will remain active temporarily for a smooth transition. However, they must exercise caution and avoid falling prey to other phishing services that may emerge. Staying informed about ongoing threats and utilizing secure practices is crucial for protecting their assets in the evolving crypto landscape.