The notorious crypto wallet-draining service Inferno has shifted control of its platform to competitor Angel Drainer.
This transition might indicate a new and potentially more hazardous chapter in the crypto-draining sphere.
Angel Drainer Takes Over Inferno’s Crypto-Draining Platform
On October 19, blockchain security firm Scam Sniffer reported that Inferno Drainer announced on Telegram its transfer of the platform to the Angel Drainer team. The Inferno team expressed their trust in Angel’s capacity to oversee the drainer. The platform confirmed that Angel would preserve its code base and essential features, including protocols, autoclaims, and bypasses.
“We believe in the Angel Drainer team’s ability to manage the drainer (while retaining our code base and features such as 200+ protocols, autoclaims, bypasses as well as numerous significant pending updates, new logs handling panel, and more) as they have demonstrated reliability,” stated the Inferno drainer.
Furthermore, Inferno assured its clients that their current data and functionalities, including login details, statistics, and other service features, would remain intact.
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This transition is anticipated to have major consequences for the crypto-draining environment. Wallet drainers typically equip scammers with phishing tools — including counterfeit social media profiles and websites — in exchange for a percentage of the stolen funds. Just in 2023, these services facilitated the theft of $295 million from 324,000 victims.
Yu Xian, founder of the blockchain security firm SlowMist, remarked on the situation, indicating the potential power of the merged efforts of Inferno and Angel Drainer.
“Has Inferno Drainer made substantial profits and decided to exit the scene? Did Angel Drainer actually acquire its source code? A more formidable collaboration? Honestly, the quality of engineering behind these two codes is quite impressive,” Xian remarked.
Other security experts raised alarms, noting that Angel and Inferno had displayed very similar code and security frameworks in recent months. One analyst suggested that Angel Drainer may have acquired Inferno when it initially closed down, and this recent activity could be an effort to disguise the change in control.
“It appears that Angel might have purchased the project when Inferno went offline and referred to a sale. From an external view, it looks like Angel is leveraging this arrangement to mislead users,” the analyst stated.
Meanwhile, this is not the first instance of Inferno claiming to exit the crypto-draining sector. In November 2023, the platform asserted that it had stopped operations after enabling the theft of over $80 million. Nevertheless, in 2024, Inferno reemerged, revealing that it had been secretly active for several months.
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However, this exit seems more permanent this time. Scam Sniffer reported that the Inferno team has transferred 2,845 ETH (approximately $7.5 million) from its fee collection address to different wallets. Additionally, the fee address for the drainer has been updated on-chain, indicating a total transfer of control to another entity.
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