Scam Service Provider "Inferno Drainer" Announces Closure

WikiBit 2023-11-27 17:17

Scam Service Provider "Inferno Drainer" Announces Closure, Accused of Embezzling Over $80 Million in Funds

Scam service provider “Inferno Drainer” and its team announced on November 26th in their Telegram group that they would permanently shut down.

Inferno Drainer offered users phishing tools and extracted a 20% commission from funds stolen from users. According to the analysis by the Web3 anti-scam platform Scam Sniffer, Inferno Drainer has embezzled nearly $70 million from victims exceeding 100,000 since February. However, the Inferno Drainer team claims the amount stolen exceeds $80 million.

Blockchain security company CertiK stated that Inferno Drainer was one of the most destructive phishing toolkits in the community. Despite its closure, numerous other service providers remain active, including competitors like Pink Drainer and Angel Drainer. The latter released an update on November 25th to assist users in siphoning funds from victims' wallets on more blockchains.

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