Malware vendor Inferno Drainer has announced that it has ceased operations
#InfernoDrainer Drainer, a cryptocurrency theft software provider, has closed its operations. According to the developers, this year $80 million worth of cryptoassets were stolen using Inferno Drainer. According to the statement, all files, servers and infrastructure needed to run the malware will not be destroyed and will remain active. The Inferno Drainer team deleted their Telegram account and warned their "customers" not to trust other services that might use a similar name. "It was a long journey. But, unfortunately, nothing lasts forever. Thank you very much to everyone who worked with us. We hope you'll remember us as the best phishing site builder ever," Inferno Drainer's statement reads. Inferno Drainer gained popularity earlier this year and became widely used by attackers after the Monkey Drainer service was shut down. Like its predecessor, Inferno Drainer offered its software to empty cryptocurrency wallets, receiving a commission of 20% of the stolen funds. According to analytics platform Web3 Scam Sniffer, nearly $70 million has been stolen from more than 100,000 victims since February 2023 using Inferno Drainer. However, according to the estimates of the Inferno Drainer team, the stolen crypto assets are valued at more than $80 million. Recently, phishers often use the Google Ads contextual advertising service. According to platform #ScamSniffer , in April, users lost about $4 million on Google Ads-advertised phishing cryptocurrency sites.