Angel Drainer Acquires Rival Crypto Phishing Service Inferno

Angel Drainer reportedly acquired Infernoโ€™s source code as the latter quit the crypto scamming business.

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  • Angel Drainer has acquired rival phishing service Inferno.
  • The development came after Inferno claimed to have shut down last year.
  • Inferno said the Angel team was โ€œcompetent enoughโ€ to maintain its crypto wallet-draining kit.

Notorious crypto wallet-draining kit provider Angel Drainer has reportedly acquired rival phishing service Inferno Drainer.

Inferno Drainer helped scammers steal over $80 million in crypto from about 5,000 victims before claiming to have shut down in November 2023. The scam-as-a-service platform resurfaced later this year after what it termed โ€œover six months of operating privately.โ€ The tool teased new staff, upgraded features, and new scamming techniques as its renewed offering.

Inferno Drainer Quits Business for the Second Time

According to an October 19 report by Web3 anti-scam firm Scam Sniffer, Inferno Drainer has reportedly sold its code and infrastructure to Angel Drainer, passing the torch to another major threat that shows no signs of retiring.

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Inferno Drainer said it found the Angel team โ€œcompetent enoughโ€ to maintain its crypto wallet-draining kitโ€™s code base and features, such as support for over 200 protocols, auto claims, and bypasses โ€œwithout ever scamming or backdooring.โ€

โ€œThis was a very hard decision for us, because we are really attached to our drainer but it is time for us to quite,โ€ the Inferno Drainer team reportedly wrote. All our customers will keep the same logins as well as stats, autosplit % etc. We have worked really hard with the Angel staff to put together the best of our previously respective drainers.โ€

Per Scam Sniffer, the development came barely a day after Inferno Drainerโ€™s fee address transferred 2,845 ETH ($7.5 million) in stolen funds to multiple new addresses. The tool also changed its fee address earlier on Saturday, indicating a likely business deal with the Angel team.

Stay updated on how EigenLayerโ€™s X account was recently hacked:
EigenLayer X Account Hacked to Promote Fake Airdrop: Hereโ€™s What We Know

Read about IBXโ€™s rug pull allegations:
IBX (ARTIC) Faces Rug Pull Accusations After $24M Presale

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Author
Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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