Pink Drainer, notorious for assisting in crypto thefts, ceased operations after accumulating more than $85 million in stolen assets.
Pink Drainer, the infamous crypto-wallet draining kit, shocked the community with a sudden announcement on Telegram, stating its retirement upon achieving its objective of assisting in the theft of more than $85 million worth of crypto assets.
In a conversation with Cointelegraph, the developer of the encrypted messaging platform Pink declined to provide comment, stating, “I do not wish to comment. Goodbye.” Following this, Pink proceeded to erase the entire chat history on Telegram. Crypto investigator ZachXBT shared a screenshot of the final announcement from the Pink Drainer Telegram channel, announcing the shutdown of the drainware service after more than $75 million was stolen.
PeckShieldAlert notified the community about the closure, revealing that Pink Drainer addresses had staked approximately 18.1 million Dai into Spark, accounting for roughly 1.35% of the total sDAI tokens.
Since July 2023, more than $85 million has been pilfered from over 21,100 individuals, as reported by Dune Analytics.
The Pink Drainer Telegram channel has rebranded to “Bonadifier,” featuring an image of Bonad, a drainer with a mental disability, along with the message “never forget what he took from you.”
Pink Drainer’s cybercriminal toolkit was responsible for pilfering $53 million from over 9,000 “participants” in 2023. The security researcher associated with Pink Drainer defended the service, stating, “I don’t phish, I just code.”
This announcement from Pink Drainer follows a trend seen in the crypto-draining space by prominent drainers. In November 2023, Inferno Drainer ceased operations after aiding in the theft of $70 million, while Monkey Drainer, in March 2023, closed down after assisting in the theft of $13 million.
Although the shutdown of drainer services offers a temporary respite to crypto users, the presence of other drainers like Angel Drainer indicates that the threat remains ongoing. In February, Angel Drainer absconded with over $400,000 from 128 crypto wallets by targeting users with a malicious Safe Vault contract.
Read More: Could the $15m Dogeverse ICO become the leading meme coin of 2024 as it nears its conclusion?
Disclaimer:
This content is AI-generated using IFTTT AI Content Creator. While we strive for accuracy, it’s a tool for rapid updates. We’re committed to filtering information, not reproducing or endorsing misinformation. – Jomotoday for more information visit privacy policy
Leave a Comment