Inferno Drainer followed in the footsteps of Monkey Drainer into obscurity, leaving a trail of fraud and calls for better security measures.

Inferno Drainer, a crypto wallet suite tool known for its involvement in widespread cryptocurrency scams, announced on Nov. 27 that it would shut down its operations.

The toolkit carried out phishing schemes that resulted in the theft of over $80 million worth of cryptocurrency from thousands of victims.

Inferno Drainer gained notoriety after the shutdown of Monkey Drainer earlier this year, which stole approximately $13 million. The kit was taken offline in March via a similar announcement on Telegram.

Inferno Drainer

Inferno Drainer operated 689 phishing websites targeting various popular projects, exploiting loopholes in the decentralized nature of cryptocurrency transactions. Reports show that nearly 4,888 victims fell victim to these scams and suffered huge financial losses.

According to Web3 anti-fraud firm Scam Sniffer, Inferno Drainer defrauded thousands of victims of approximately $6 million in cryptocurrency assets. The large number of fraudulent websites and the large amount of stolen assets highlight the increasingly sophisticated nature of digital financial crime.

News of Inferno Drainer’s closure has been met with both relief and concern in the cryptocurrency community. While the closure of such a notorious service is a positive development, it also raises questions about the ongoing challenges in combating digital financial crime.

The anonymous and borderless nature of cryptocurrencies continues to present significant obstacles for law enforcement and regulators. Experts in the field emphasize the need for increased vigilance and improved security measures to protect against such sophisticated scams.

The rise and fall of Inferno Drainer is a stark reminder of the vulnerabilities that exist in the world of digital currencies, and the importance of having strong safeguards in place to protect investors and users in an ever-changing financial environment. #网络钓鱼  #InfernoDrainer