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Crypto drainers now sold as easy-to-use malware at IT industry fairs

Coin Telegraph LogoCoin Telegraph10h ago

Crypto drainers now sold as easy-to-use malware at IT industry fairs - Coin Telegraph

Quick Summary:

Related: North Korean hackers target crypto devs with fake recruitment testsCybercrime in Russia — almost legalDemchuk said that groups offering crypto drainers as a service are increasingly bold and keep resembling traditional businesses more and more:“Interestingly, some drainer groups have become so bold and professionalized that they even set up booths at industry conferences — CryptoGrab being one such example.“When asked how a criminal operation can send representatives to information technology industry events without repercussions, such as arrests, he pointed to Russian cybercrime enforcement as the reason.“This can all be done in jurisdictions like Russia, where hacking is now essentially legalized if you're not operating across the post-Soviet space,” he said.

He said:“Interestingly, some drainer groups have become so bold and professionalized that they even set up booths at industry conferences—CryptoGrab being one such example.“When asked how a criminal operation can send representatives to information technology industry events without repercussions, such as arrests, he pointed to Russian cybercrime enforcement as the reason.“This can all be done in jurisdictions like Russia, where hacking is now essentially legalized if you're not operating across the post-Soviet space,” he said.

AMLBot’s open source intelligence investigator — who prefers to remain anonymous for safety reasons — told Cointelegraph that while researching drainers, his team “did come across several job postings specifically targeting developers to build drainers for Web3 ecosystems.”He provided one job advert that describes the required features of a script that would empty Hedera (HBAR) wallets.

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Article Details

Author / Journalist: Cointelegraph by Adrian Zmudzinski

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 10:45:14 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 1482 words

Reading Time: 9 minutes read

Sentences: 63 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28168986

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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