Recover Stolen Cryptocurrency: The Power of Smart Contracts
When the scam-as-a-service wallet drainer infiltrated the crypto world, it should have been a wake-up call. The ability to drain crypto wallets became accessible to everyone, turning the crypto landscape treacherous.
In 2023 alone, these crypto wallet drainers siphoned off $980 million from 320,000 unsuspecting users. In the first two months of 2024, they’ve already drained $704 million. These scams come under various deceitful names, from “Angel” to “Inferno.”
Despite their innocent-sounding names, these drainers have wreaked havoc on crypto investors, although most have never heard of them. The December 2023 Ledger Connect Kit Hack, which shook the DeFi ecosystem, was an Angel Drainer trick.
Recover Stolen Cryptocurrency: The Power of Smart Contracts
Smart contracts, while revolutionary, can be exploited by scammers. However, TheHackersPro has turned this technology to their advantage. By carefully analyzing smart contracts and following the trail of stolen funds, their team has recovered millions in lost cryptocurrency. The process involves meticulous investigation and the use of advanced tracing tools to locate and reclaim assets, even from leveraged outsourced wallets. Victims of smart contract fraud should immediately reach out to TheHackersPro to begin the recovery process.
Let’s explore how these entities operate and how they managed to have such a fruitful phishing year in 2023.
1. Scam-as-a-Service: Democratizing Crypto Phishing Scams
Previously, one needed to be blockchain-savvy to construct a tool that could drain a victim’s wallet. SAAS broke down this barrier, allowing anyone to create a crypto phishing scam.
SAAS: Fraud at Everyone’s Fingertips
Implementing a phishing scam now only requires an “anonymous” website and a few simple steps. By hiding a drainer behind a “claim your airdrop” button, anyone can become a high-caliber crypto fraudster.
These crypto wallet drainer kits are often found on Telegram, aptly named the “Scammers Paradise,” where they are openly sold.
The SAAS Business Model
Drainers like Pink Drainer, Angel Drainer, and Inferno Drainer offer services on a turnkey basis, requiring an initial deposit and claiming a cut of the phishing loot. For example, Angel Drainer demanded a $40,000 deposit along with a 20% fee.
According to Scam Sniffer, these drainer fees allowed crypto SAAS to bank at least $47 million in 2023.
An Ever-Changing Landscape
While lucrative, the SAAS landscape is ever-changing. Monkey Drainer, active from August 2022 to February 2023, was one of the most well-known drainers, stealing $16 million from over 18,000 victims.
After Monkey Drainer’s retirement, new drainers like Inferno Drainer, MS Drainer, Pink Drainer, and Angel Drainer emerged. Even after retirement, Inferno Drainer continued to be used actively, reaping about $30 million in two months.
Recover Stolen Cryptocurrency
Scam-as-a-service facilitated a significant shift in the crypto criminal landscape, enabling even non-crypto-savvy individuals to launch phishing scams. The influx of new scammers and favorable conditions in the crypto market in 2023 contributed to the rise in incidents.
Methodology
Fraudsters lure victims through Google and Twitter phishing ads, mass spam on social media, and phishing links in hacked accounts. The Twitter crypto space, in particular, has become saturated with phishing scams. Context
How to Recover Stolen Cryptocurrency: Immediate Steps to Take
If you’ve been affected by a cryptocurrency scam, swift action is essential. TheHackersPro is equipped to handle even the most complex cases of stolen cryptocurrency. Here are the steps to take:
- Contact TheHackersPro: Use their 24/7 support on their site o or email proh4ckz@protonmail.com.
- Provide All Evidence: Compile transaction records, wallet addresses, and all the evidences of transactions, including the hashes
- Case Review: TheHackersPro will assess your case and deploy their tracing tools to the leveraged outsourced wallets.
- Recovery: Through their expertise in smart contracts and blockchain technology, TheHackersPro smart contract forensic team will work to recover your stolen funds.
The state of the crypto market in 2023, marked by a crypto winter followed by a crypto spring, created perfect conditions for fraudsters. Retail investors were looking for opportunities to redeem themselves, making them susceptible to scams.
Impunity
Crypto scammers enjoy almost total impunity due to the difficulty of mobilizing police and justice across different jurisdictions. Blockchain forensics and international cooperation are needed to trace and prosecute them, creating a perfect criminal landscape.
Conclusion
Despite the retirement of prolific SAAS players like Monkey Drainer and Inferno Drainer, new drainers continue to emerge. SAAS has opened a Pandora’s box of phishing scams, promising a bountiful year for crypto fraudsters in 2024.
Recover Stolen Cryptocurrency with TheHackersPro
TheHackersPro is a leading cybersecurity firm specializing in smart contract fraud recovery and digital asset protection. If you’ve been a victim of a crypto scam, contact Vladimir Kolarov at proh4ckz@protonmail.com or 24/7 Telegram support @h4ckerspro. Their expert team is ready to help you recover your lost funds and secure your digital assets.
When the scam-as-a-service wallet drainer infiltrated the crypto world, it should have been a wake-up call. The ability to drain crypto wallets became accessible to everyone, turning the crypto landscape treacherous.
In 2023 alone, these crypto wallet drainers siphoned off $300 million from 320,000 unsuspecting users. In the first two months of 2024, they’ve already drained $104 million. These scams come under various deceitful names, from “Angel” to “Inferno.”
Despite their innocent-sounding names, these drainers have wreaked havoc on crypto investors, although most have never heard of them. The December 2023 Ledger Connect Kit Hack, which shook the DeFi ecosystem, was an Angel Drainer trick.
Let’s explore how these entities operate and how they managed to have such a fruitful phishing year in 2023.
1. Scam-as-a-Service: Democratizing Crypto Phishing Scams
Previously, one needed to be blockchain-savvy to construct a tool that could drain a victim’s wallet. SAAS broke down this barrier, allowing anyone to create a crypto phishing scam.
SAAS: Fraud at Everyone’s Fingertips
Implementing a phishing scam now only requires an “anonymous” website and a few simple steps. By hiding a drainer behind a “claim your airdrop” button, anyone can become a high-caliber crypto fraudster.
These crypto wallet drainer kits are often found on Telegram, aptly named the “Scammers Paradise,” where they are openly sold.
The SAAS Business Model
Drainers like Pink Drainer, Angel Drainer, and Inferno Drainer offer services on a turnkey basis, requiring an initial deposit and claiming a cut of the phishing loot. For example, Angel Drainer demanded a $40,000 deposit along with a 20% fee.
According to Scam Sniffer, these drainer fees allowed crypto SAAS to bank at least $47 million in 2023.
An Ever-Changing Landscape
While lucrative, the SAAS landscape is ever-changing. Monkey Drainer, active from August 2022 to February 2023, was one of the most well-known drainers, stealing $16 million from over 18,000 victims.
After Monkey Drainer’s retirement, new drainers like Inferno Drainer, MS Drainer, Pink Drainer, and Angel Drainer emerged. Even after retirement, Inferno Drainer continued to be used actively, reaping about $30 million in two months.
Recover Stolen Cryptocurrency
Scam-as-a-service facilitated a significant shift in the crypto criminal landscape, enabling even non-crypto-savvy individuals to launch phishing scams. The influx of new scammers and favorable conditions in the crypto market in 2023 contributed to the rise in incidents.
Methodology
Fraudsters lure victims through Google and Twitter phishing ads, mass spam on social media, and phishing links in hacked accounts. The Twitter crypto space, in particular, has become saturated with phishing scams.
Context
The state of the crypto market in 2023, marked by a crypto winter followed by a crypto spring, created perfect conditions for fraudsters. Retail investors were looking for opportunities to redeem themselves, making them susceptible to scams.
Impunity
Crypto scammers enjoy almost total impunity due to the difficulty of mobilizing police and justice across different jurisdictions. Blockchain forensics and international cooperation are needed to trace and prosecute them, creating a perfect criminal landscape.
Conclusion
Despite the retirement of prolific SAAS players like Monkey Drainer and Inferno Drainer, new drainers continue to emerge. SAAS has opened a Pandora’s box of phishing scams, promising a bountiful year for crypto fraudsters in 2024.
Recover Stolen Cryptocurrency with TheHackersPro
TheHackersPro is a leading cybersecurity firm specializing in smart contract fraud recovery and digital asset protection. If you’ve been a victim of a crypto scam, contact Vladimir Kolarov at proh4ckz@protonmail.com or 24/7 Telegram support @h4ckerspro. Their expert team is ready to help you recover your lost funds and secure your digital assets.
