Notorious Crypto-Stealing Service Inferno Drainer Shuts Down After $70M Spree

The creators of the infamous cryptocurrency wallet-draining service, Inferno Drainer, declared its permanent closure after helping phishing criminals steal about $70 million in cryptocurrency over the course of the year.

The Inferno Drainer crew stated in a Telegram post on November 26 that it’s “time for us to move on.”

The infrastructure and files of the drainer will not be deleted, but they will still be operational so that users may seamlessly switch to alternative providers.

The statement positioned Inferno Drainer as the greatest drainer available and extended gratitude to everyone who collaborated with them.

Although the company warned that the actual amount stolen would reach $80 million, Inferno Drainer has enabled the loss of about $70 million from over 100,000 victims since its rise in popularity earlier this year.

Web3 anti-scam platform Scam Sniffer provided analytics on the significant impact of Inferno Drainer, while blockchain security firm CertiK labeled it as “one of the most damaging phishing kits” to the community. The team urged users not to trust any drainers using their name in the future.

While Inferno Drainer bows out, competitors like Pink Drainer and Angel Drainer remain active, emphasizing the persistent challenges posed by crypto draining tools in the security landscape.

This development echoes the shutdown of another prominent drainer, Monkey Drainer, in March, stating it was “time to move on to something better.”