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Inferno Drainer Ceases Operations Post $70M Crypto Theft

By Jerry McNeill
Nov 27, 2023
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Inferno Drainer, a notorious tool aiding phishing scams to siphon off almost $70 million in cryptocurrency this year, has announced its permanent closure. The team responsible for Inferno Drainer conveyed their decision in a Telegram post on November 26, stating they would discontinue operations. However, they assured users that the infrastructure and essential files required for the wallet draining program would persist, aiming to facilitate a seamless transition to alternative services.

Expressing gratitude for the journey, the Inferno Drainer team conveyed heartfelt thanks to their community in their farewell message. Acknowledging the impermanence of their venture, they appreciated the collaboration with their users and aimed to be remembered as the creators of top-notch draining tools that enabled users to profit. Initially gaining prominence earlier this year, Inferno Drainer witnessed a surge in usage following the closure of the popular Monkey Drainer tool. Similar to its counterparts, Inferno provided software for draining crypto wallets, earning a 20% commission on the stolen amount.

Web3 anti-fraud platform Scam Sniffer's analysis revealed that Inferno Drainer has defrauded over $70 million from over 100,000 victims since February. However, the Inferno Drainer team claimed the total stolen amount to surpass $80 million. In response to their closure, the team dismantled their affiliated Telegram account "mr_inferno_drainer" used for their services, cautioning users against trusting other Drainers using their name in the future. CertiK, a blockchain security firm, labeled Inferno Drainer as “one of the most damaging phishing kits witnessed by the community.”

Despite Inferno Drainer's shutdown, several other providers continue their operations. Competitors like Pink Drainer and Angel Drainer, actively offering similar services, even released an update on November 25 to assist users in draining their wallets across multiple blockchains. Monkey Drainer, another prominent crypto drain that amassed millions of dollars, ceased operations in March, citing the pursuit of new opportunities as the reason for its closure.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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