Crypto phishing scammer Monkey Drainer shuts down services Crypto phishing scammer Monkey Drainer shuts down services
Monkey Drainer's phishing kit was used to steal around $13 million worth of digital assets, according to CertiK.
1 min read
Updated: Mar. 2, 2023 at 12:29 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
According to a Telegram post on its channel, notorious crypto scammer Monkey Drainer shut down its services on Feb. 28.
Monkey Drainer said:
“All files, servers, and devices related to monkey drainer will be destroyed immediately. Monkey Drainer will not return.”
The scammer said “operating large-scale cybercrime” requires high dedication and advised young cyber criminals not to “lose themselves in the pursuit of easy money.”
While the scammer did not reveal why they are closing their services, they said they were moving on to “something better than ever before.”
Blockchain security firm CertiK reported that the scammer began operation in 2022, providing phishing kits for other malicious players. CertiK estimated that around $13 million worth of digital assets had been stolen via the equipment.
Monkey Drainer takes a 30% commission on all stolen funds from scammers using its phishing kit.
Certik reported that copy-cats drainers were adopting Monkey’s method. The Monkey Drainer also recommended an alternative “scam-as-a-service” provider Venom Drainer.
Meanwhile, Peckshield reported that wallets linked to the scammer transferred 200 Ethereum (ETH) — over $300,000 — to the mixing protocol Tornado Cash. The wallets hold a balance of 840 ETH ($1.4 million).
Some of the popular phishing hacks the Monkey Drainer was involved in included stealing over 700 Ethereum (ETH) from two individuals, according to ZachXBT. The scammer also stole NFTs worth roughly 520 ETH, about $824,200, in November 2022.
Mentioned in this article
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
In this article
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
CertiK
Founded in 2018 by professors of Yale University and Columbia University, CertiK is a pioneer in blockchain security, utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts.