Crypto Scammer Monkey Drainer Shuts Down Criminal Operations

Cyber threats are not new in the crypto space. The industry has been witnessing advanced cyber security attacks since its inception and even recorded more during the 2022 crypto winter, especially in the DeFi Sector. 

According to Yahoo Finance, the cryptocurrency sector suffered a massive loss of nearly $50 billion last year due to various hacking incidents. Numerous groups have been involved in these nefarious activities, including the notorious North Korean Lazarus group and the infamous Monkey Drainer.

However, in a recent turn of events, the Monkey Drainer group has announced that they will be retiring from scamming in the cryptocurrency industry and switching their focus to another sector. Additionally, the group said that they will destroy all the devices and files they use to carry out their operations and will not return to the sector. 

In their message, Monkey Drainer advised other cybercriminals not to go after easy money and suggested that if they want to be successful, they should operate in a large group. They also recommended a new competitor called Venom Drainer to young cybercriminals who want to continue in this line of work.  

Interestingly, Venom Drainer emerged just a day before Monkey Drainer’s announcement, indicating that they plan to replace them with a newer group. 

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