Digital Asset Wallet-Draining Platform Inferno Drainer Shuts Down
A platform called Inferno Drainer, which has been helping bad actors drain millions from various cryptocurrency platforms, has announced that it is closing down. In a recent Telegram post, the company stated that it is ending its operations after assisting in phishing scams and other malicious activities worth over $80 million. Inferno Drainer assured users that all files, servers, and devices will be preserved for a smooth transition to a new service if desired. The platform also warned users and companies to be cautious of scam accounts claiming to be associated with them in the future. Inferno Drainer has been responsible for several hacks by providing assistance to bad actors and taking a percentage of the stolen funds.
100,000 Victims: More Regulation Needed
Inferno Multichain Drainer, along with other notorious drainers, has contributed to numerous hacks by offering toolkits and profiting from the stolen assets. According to Scam Sniffer, the platform has stolen over $70 million from approximately 100,000 victims through 689 phishing websites targeting popular projects. The shutdown of Inferno Drainer has been met with relief from blockchain security firms, as it was considered one of the most damaging kits in the ecosystem. However, there are still other scam-as-a-service platforms operating in the market.
A Crackdown on Bad Actors?
In light of major scams and bankruptcies, regulators have intensified their efforts to protect investor assets by arresting and prosecuting scammers and licensing platforms. The increasing number of scams this year has prompted calls for stricter measures against bad actors who steal user assets and undermine investor confidence. Recent incidents involving thefts of over $90 million have raised concerns within the crypto community about the involvement of scamming platforms. It is crucial to address these issues to make the industry safer and counter criticisms from anti-virtual asset commentators.
Hot Take: Crypto Scam-Kit Inferno Drainer Shuts Down Operations
Digital asset wallet-draining platform, Inferno Drainer, has decided to close its operations after assisting bad actors in draining millions from various cryptocurrency platforms. This move comes as a relief to the crypto community, as Inferno Drainer was considered one of the most damaging kits in the ecosystem. However, there are still other scam-as-a-service platforms operating, highlighting the need for more regulation and crackdowns on bad actors. With regulators ramping up efforts to secure investor assets and protect against scams, it is hoped that the industry will become safer and regain investor confidence.
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