CandleFocus

Angel Drainer absorbs Inferno’s toolkit, becoming a larger threat to crypto wallets

Author: Content Editor
The team behind the Inferno crypto wallet draining project has transferred control of its platform to rival draining as a service provider, Angel Drainer. Inferno Drainer stated that it identified the Angel Drainer team as competent and trustworthy to manage the platform. The transfer is not expected to affect the platform's operations, and customers can continue to access the draining services. The merger between the two platforms could create one of the biggest draining as a service providers, posing a major threat to crypto users. Angel Drainer already has a significant presence in the space, with more than $25 million in crypto scams connected to it. However, concerns have been raised about its new system supporting phishing apps that target users on emerging blockchain networks with limited security tools. This merger highlights how draining as a service platforms have become a business model for bad actors in the crypto space, and they might now be teaming up to enhance their abilities.

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