Infamous Monkey Drainer crypto scammer says they’re ‘shutting down’

The cryptocurrency phishing scammer behind a few of the most high-profile and high-value Web3 thefts is claiming to have packed up store and is “shifting on to one thing higher.”

The scammer by the pseudonym Monkey Drainer posted to their Telegram channel on Mar. 1 that they “shall be shutting down instantly” and all “information, servers and gadgets” associated to the drainer “shall be destroyed instantly” and it “won’t return.”

Monkey Drainer’s full message posted to Telegram recommending another service. Supply: Telegram

The scammer even gave recommendation to budding “younger cyber criminals” saying they shouldn’t “lose themselves within the pursuit of straightforward cash” and solely these “with the best stage of dedication” ought to function a “giant scale cybercrime” outfit.

Monkey Drainer even really useful a “flawless” various service to the one they as soon as supplied named “Venom Drainer” and pointed to a Telegram account for the service that was created solely a day earlier than Monkey’s announcement.

Blockchain safety agency PeckShield tweeted on Mar. 1 that Monkey Drainer scammer deposited round 200 Ether (ETH) price $330,000 inside the final day into the crypto mixing service Twister Money, making an attempt to obscure their funds. 840 ETH price $1.4 million was nonetheless of their main pockets.

Blockchain safety agency CertiK additionally shared Monkey’s message on a Mar. 1 tweet, saying the crypto wallet-draining equipment they supplied is known to take a 30% “fee” of funds stolen funds from others’ use of the software program.

Pockets-draining kits from different suppliers have copied the mannequin, and CertiK pointed to different distributors already reporting an uptick in requests since Monkey Drainer introduced the shutdown.

Monkey Drainer is known to have operated since late 2022 and is estimated to have stolen as much as $13 million price of cryptocurrencies and nonfungible tokens (NFTs) since that point.

Associated: Monkey Drainer-linked scammers probably uncovered after an on-chain quarrel

Different copycat phishing scammers and wallet-draining kits have stolen way more. A report from Web3 bug bounty platform Immunefi revealed $3.9 billion price of crypto was misplaced to hacks, frauds, scams and rug pulls in 2022.

Probably one of many single most high-profile and high-value theft by a pockets drainer in latest instances was the January assault on Kevin Rose, the co-founder of the Moonbirds NFT assortment.

Rose’s pockets was drained after he accepted a malicious signature on a phishing web site that transferred over $1.1 million price of his private NFTs to the attacker.