Inferno Drainer, a well-known platform for draining crypto wallets, has transferred control of its service to Angel Drainer, raising concerns among crypto security experts about a potential increase in crypto-draining activities. This marks the second time in a year that Inferno has exited the crypto-draining business, although its previous exit was short-lived.
The transfer to Angel Drainer, announced on October 19 via Telegram and reported by blockchain security firm Scam Sniffer, could signal a more dangerous phase for the crypto-draining ecosystem. Inferno expressed confidence in Angel’s ability to manage the platform, noting that Angel would retain the same code base and features, including over 200 protocols, autoclaims, and bypasses.
Inferno’s team reassured its users that existing data and service features, including login credentials and statistics, would remain intact during the transition. Wallet drainers like Inferno and Angel provide scammers with phishing tools, including fake social media profiles and websites, in return for a share of the stolen crypto. In 2023, these services facilitated the theft of $295 million from 324,000 victims.
Yu Xian, founder of the blockchain security firm SlowMist, commented on the transfer, stating that the combination of Inferno and Angel’s expertise could lead to an even more dangerous crypto-draining operation. He emphasized that both platforms share strong code engineering quality, suggesting that the merged platform could be more effective.
Other security analysts pointed out that Angel and Inferno had shown similar code structures in recent months, leading to speculation that Angel may have purchased Inferno when it initially shut down. Some experts believe that the current transfer could be a way to hide the real control shift.
This isn’t the first time Inferno has announced its exit. In November 2023, Inferno claimed to have stopped operations after facilitating the theft of over $80 million, but it resurfaced in 2024 after operating covertly. This time, however, the handover to Angel Drainer appears more final. Scam Sniffer reported that Inferno has already transferred 2,845 ETH (roughly $7.5 million) from its fee collection address to other wallets, and the on-chain fee address has been updated, indicating a full transfer of control.
This transition is expected to have significant implications for the crypto space, as both platforms have been major players in the world of wallet drainers, which are typically used to steal funds through phishing schemes. The combination of Inferno’s expertise and Angel’s ongoing operations could lead to an escalation in crypto-draining attacks.
