The developers of Pink Drainer, the notorious wallet draining service involved in the theft of over $75 million in assets, have decided to wind down their operations.
“We have reached our goal, and now, according to plan, it is time for us to retire,” the developers said in a message on Telegram. advertisementwas first reported by on-chain investigator ZachXBT.
The developers added: “After publishing this message, we will start downsizing our entire infrastructure. All stored information will be erased and securely destroyed.
Pink Drainer is a software suite used by cybercriminals to steal cryptocurrency assets by exploiting technological flaws mainly relying on social engineering techniques and phishing URLs. These scams use malicious phishing sites to trick users into signing transactions that drain their wallets of cryptocurrencies and non-fungible tokens (NFTs).
Pink Drainer was part of a larger network of phishing platforms-as-a-service, which also included Monkey Drainer and Inferno Drainer. The developers of these services charge a fee and collect a percentage of the stolen assets as payment.
Pink Drainer has been linked to stealing $85 million in cryptocurrency from more than 21,000 victims last year. According to To ScamSniffer.
The Pink Drainer hackers are believed to be responsible for a number of high-profile attacks across multiple platforms. We discuss incidents related to the Evomos, Pika Protocol and Orbiter Finance projects. The group was also involved in a scam in which attackers posed as cryptocurrency journalists.
In total, hackers stole $2 billion worth of cryptocurrencies in 2023. One of the biggest cryptocurrency thefts this year was the Euler Finance hack. During the incident, hackers stole approximately $200 million. There were also attacks on BonqDAO, cryptocurrency exchange Poloniex, and cryptocurrency wallet Atomic Wallet, resulting in losses of more than $100 million.