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 in cryptocurrency. The decision came after a significant rise in usage following the closure of the Monkey Drainer tool earlier this year. Despite shutting down, the team indicated that their infrastructure would remain active for users to transition to other services, highlighting the ongoing demand for such tools in the crypto space.

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

Inferno Drainer facilitated phishing scams that targeted over 100,000 victims, resulting in substantial financial losses. The tool operated by allowing users to drain crypto wallets, taking a 20% cut of the stolen funds. This model proved lucrative, with estimates suggesting that the total amount stolen could exceed $80 million, showcasing the tool's effectiveness and the scale of its operations.

What warnings did Inferno Drainer issue before shutting down?

Before its closure, Inferno Drainer deleted its affiliate Telegram account and cautioned users against trusting other drainers that might misuse its name. The team emphasized that while they were shutting down, their infrastructure would still be accessible for a smooth transition to alternative services. This warning reflects the ongoing risks associated with crypto drainers and the need for users to remain vigilant.

What impact did Inferno Drainer have on the crypto community?

Inferno Drainer was described by blockchain security firm CertiK as one of the most damaging phishing packages seen in the crypto community. Its operations contributed significantly to the rise of phishing scams, affecting countless users and undermining trust in cryptocurrency transactions. The shutdown of Inferno Drainer does not eliminate the threat, as other active drainers like Pink Drainer and Angel Drainer continue to pose risks.

What alternatives exist after Inferno Drainer's shutdown?

Following Inferno Drainer's announcement, users are advised to be cautious and explore other available drainer services, such as Pink Drainer and Angel Drainer. These alternatives have been noted for their ongoing operations and updates aimed at assisting users in draining wallets across various blockchains. However, potential users should exercise extreme caution due to the inherent risks associated with such tools.