Inferno Drainer Shuts Down: $70M Stolen

💀 Crypto Theft Ring Inferno Drainer Closes

Inferno Drainer's Shutdown: Inferno Drainer, a notorious crypto wallet-draining service, announced its closure after aiding in the theft of nearly $70 million in cryptocurrencies this year. The team expressed gratitude to its users and stated that while they are moving on, the infrastructure for the drainer will remain active for a smooth transition to other services​.

Rise and Operations: Gaining popularity in early 2023, Inferno Drainer filled the void left by Monkey Drainer's closure. It provided wallet-draining software and took a 20% commission from the stolen amount. It's estimated that they stole nearly $70 million from over 100,000 victims, with the team claiming over $80 million in thefts.

Aftermath and Impact: Following its shutdown, Inferno Drainer deleted its affiliate Telegram account and warned against imposters using its name. Blockchain security firm CertiK highlighted Inferno Drainer as one of the most damaging phishing kits to the crypto community, noting the significant impact of such scams​​. Read More.

☕️ On today's Top Picks:

📰 Crypto News

• ⭐️ SEC having trouble serving HEX and PulseChain founder Richard Heart with its lawsuit.

• ⭐️ Antoine Riard, a previous Bitcoin developer; accuses current Bitcoin developers of focusing on commercializing the Lightning Network rather than a security issue that could plague the network.

• Richard Teng, new Binance CEO; publishes first blog post sharing immediate focus areas and his view on the future of the industry.

• Paradigm Policy Director believes US cryptocurrency regulation is likely in a holding pattern until after the 2024 presidential election.

• Circle joins forces with SBI Holdings to transform the financial landscape in Japan with $USDC and Web3 Services.

• OKX launches its exchange and Web3 wallet in Brazil.

⚡ Alpha

• Linea DeFi Voyage Campaign Wave 4 launches today on Intract.

• Zerion hosting special live stream as the Zerion browser extension releases to the public.

• PoolyNFT artist launching Distracted Dudes NFT on Base.

🪂 Airdrops

• ⭐️ Cosmos co-founder Jae Kwon to fork Cosmos and airdrop $ATOM1 tokens to users who voted against reducing Cosmos inflation.

• Jupiter official airdrop allocation checker page will go live on Dec 1st.

• Jito introduces $JTO token, 10% of the total $JTO supply to be retrospectively airdropped.

• Some airdrop updates by Airdrop Official.

• DeBank contract deployment tutorial by Alpha Insiders.

📰 Finance News

• Nvidia $NVDA to become world's largest semiconductor firm in 2023.

• Tesla $TSLA sues Swedish Transport Agency as it blocks delivery of license plates for its cars.

• Barclays $BCS in discussion to buy Metro Bank's mortgage portfolio worth ~$3.74B.

• Canada banks' to wrap up year with another quarter of declining profits and rising bad debt provisions.

• UniCredit bank removed list of global systemically important banks.

🛡 Security and Exploits

• Hong Kong cryptocurrency exchange Hounax rugpulls ~HK$148M.

• Kyber Network negotiates return of $4.67M with owners of frontrun bots that extracted funds during exploit.

• Scammers spreading fake banking apps through WhatsApp and Telegram.

🪙 Token Unlocks

• SingularityNET / 9.39M $AGIX / ~$2.82M / 27 NOV
• dYdX / 575.34K $DYDX / ~$1.84M / 28 NOV
• Nym / 25M $NYM / ~$3.89M / 28 NOV
• Optimism / 24.16M $OP / ~$41.55M / 29 NOV
• Acala / 27.43M $ACA / ~$1.75M / 30 NOV
• 1inch / 98.74M $1INCH / ~$33.76M / 01 DEC
⭐️ • dYdX / 151.58M $DYDX / ~$520M / 01 DEC
• Tornado Cash / 22.84K $TORN / ~$45K / 02 DEC

💰 Funding

• Open Campus, a community-led education protocol; raises $3.15M in funding from Binance Labs.

• Waltio, a European digital asset tax assistant; raises €1.8M in funding.

• Farcana, a F2P 3rd-person PC arena shooter; raises an undisclosed amount in strategic investment from Animoca Brands.

🌾 The Degen Farmer