Notorious 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 claims to have packed up store, saying it was “time to maneuver on to one thing higher.”

The scammer with the pseudonym Monkey Drainer posted to their Telegram channel on March 1 that they “can be shutting down instantly” and all “information, servers and gadgets” associated to the drainer “can be destroyed instantly” and it “is not going to return.”

Monkey Drainer’s full message posted to Telegram recommending an alternate 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 very best stage of dedication” ought to function a “massive 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 March 1 that throughout the final day, Monkey Drainer’s pockets deposited round 200 Ether (ETH) price $330,000 into the crypto mixing service Twister Money, making an attempt to obscure their funds. There was 840 ETH, price $1.4 million, nonetheless of their main pockets.

Blockchain safety agency CertiK additionally shared Monkey’s message on a March 1 tweet, saying the crypto wallet-draining package 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 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 rather 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.

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

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

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