Pink Drainer announces retirement after reaching a milestone of $85 million in stolen assets, renowned for enabling cryptocurrency thefts.
In an announcement on Telegram, Pink Drainer, a notorious crypto-wallet draining kit, called out his retirement from the robbery. He made this announcement after reaching his goal of stealing over $85 million in digital assets.
“After this message’s publication, we will begin winding down our infrastructure. All stored information will be wiped and securely destroyed.
When asked by a crypto platform, the person behind the encrypted messaging service channel ‘Pink’ said, “I don’t want to talk about it. Goodbye.”
After this, he deleted the entire conversation from Telegram.
CryptoSleuth ZachXBT came forward with a screenshot of the Pink Drainer telegram‘s channel, where he made his final announcement. He shut down the drainware server after a robbery of almost $75 million.
Source: ZachXBT
PeckShieldAlert also shared a report about the shutdown. They told everyone that Pink Drainer addresses had put a total of up to 18.1 million $DAI into Spark. This makes up about 1.35% of all $sDAI tokens.
Crypto-Drainer Trend: Shutdowns and Threats
In July 2023, according to Dune analysis, almost 21,100 people became victims and lost almost $85 million in crypto assets.
After the retirement announcement, Pink Drainer changed the name of his Telegram channel to “Bonadifier”. It shows an image of Bonad, a drainer with a mental disability, following the message, “never forget what he took from you.”
In 2023, the Pink Drainer toolkit helped to steal $53 million from 9000 victims. The security researcher responsible for the Pink Drainer toolkit defended the service, stating, “I don’t do phishing, I just write code.”
The announcement from Pink Drainer follows a trend in the crypto-draining world among well-known drainers. In November 2023, Inferno Drainer closed its operations after helping in the theft of $70 million, meanwhile, Monkey Drainer shut down in March 2023 after being a major contributor in the theft of $13 million.
The shutdown of drainer services offers crypto users some temporary relief. There are some other drainers, like Angel Drainer, which is a big threat beyond imagination. In February, Angel Drainer tricked users with a fake Safe Vault message and stole more than $400,000 from 128 crypto wallets.
