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COINTURK NEWS > Cryptocurrency Security > Dismantling the Inferno: The End of a Notorious Crypto Wallet Draining Service
Cryptocurrency Security

Dismantling the Inferno: The End of a Notorious Crypto Wallet Draining Service

In Brief

  • The widely used and striking wallet draining service, Inferno Drainer, has announced that it will cease operations abruptly.ContentsOver $70 Million Stolen While ActiveImitating Even in Departure Over $70 Million Stolen While Active At the beginning of last spring, Inferno, which offered a service to help hackers steal money from other wallets for a 20% cut, […]
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The widely used and striking wallet draining service, Inferno Drainer, has announced that it will cease operations abruptly.

Contents
Over $70 Million Stolen While ActiveImitating Even in Departure

Over $70 Million Stolen While Active

At the beginning of last spring, Inferno, which offered a service to help hackers steal money from other wallets for a 20% cut, was first discussed in the Scam Sniffer telegram.

Scam Sniffer stated that about 5,000 people were targeted by this system, resulting in approximately $6 million in losses.

The service’s method was described as follows: someone contacting through Telegram would clone the websites of target projects, and when targets fell for this trap, Inferno’s phishing software would drain the wallet, followed by an 80% payment to the collaborator.

However, this incident was only described as a beginning. Currently, researchers on the blockchain indicate that over $71 million in stolen funds have followed Inferno’s services.

If the shared data by those who provided the transaction details is correct, the team behind Inferno made approximately $16 million in illegal profits over a six-month period.

Imitating Even in Departure

The hackers announced that they would no longer continue this service, stating that their services on Telegram have been permanently shut down. The language used in the announcement did not stray from the gallows humor and mocking attitude often seen in communication with such individuals.

The end of the craziest journey. Inferno drainer is shutting down. We’ve taken a long journey with all of you and want to sincerely thank you. Unfortunately, nothing lasts forever. After draining $80 million, we’ve decided to shut down, it’s time to move on. [We thank everyone who has worked with us like Drakan and all our other clients, we hope you remember us as the best drainer so far and that we’ve managed to help you in your quest to make money.

The article also humorously mentioned that those who will contact users after the service is closed will not be them but scammers.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 27 November, 2023 - 1:31 pm 27 November, 2023 - 1:31 pm
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