Inferno Drainer Announces Closure Following Involvement in $70M Crypto Heist

Nov. 28, 2023
Inferno Drainer Announces Closure Following Involvement in $70M Crypto Heist

Inferno Drainer, one of the most popular crypto wallet-draining kits available for hire, says it’s shutting down after helping phishing scammers steal almost $70m worth of crypto this year.

The team behind Inferno Drainer said in a Nov. 26 Telegram post that it was “time for us to move on.” They said they would not destroy the files and infrastructure wallet drainer but keep them active. This will allow users to “smooth transition” to other offerings.

“It’s been a long ride with all of you, and we’d like to thank you from heart [sic]. Unfortunately, nothing lasts forever.”

“A big thank to all you have been working with us,” it added. “We hope you can remember us as the best drainer that has ever existed and that we succeeded in helping you in the quest of making money.”

Inferno Drainer was at the height of its popularity in early 2023 and gained further prominence after the popular Monkey Drainer tool closed. Like other services, Inferno hosted its crypto wallet-draining software and took a 20% cut when its users stole.

According to analytics from the distinguished Web3 anti-scam platform Scam Sniffer, Inferno Drainer has stolen almost $70 million. This illicit activity has affected at least 100,000 victims since February. However, the Inferno Drainer team suggested over $80 million.

Crypto Alert: Inferno Drainer Shutdown Sparks New Threats

The Inferno Drainer team also deleted the affiliate Telegram account, “mr_inferno_drainer,” which they used to arrange The Inferno Draining service. It warned its users not to trust drainers who will use its name in the future.

Blockchain security firm CertiK describes Inferno Drainer as “one of the most damaging phishing kits to the community we’ve seen. ”

It added there are still “plenty of providers out there” active, including rival Pink Drainer and Angel Drainer; the latter released an update on Nov. 25 to help users drain wallets on even more blockchains.

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Monkey Drainer, another high-profile crypto drainer that stole millions, shuttered in March, saying, “Time to move on to something better.”

Rida Fatima

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An ardent wordsmith with a rich five-year background in delving into the realms of finance and cryptocurrencies. Alongside curating captivating blogs, Unique's talents extend to crafting imaginative and engaging content.