Wallet drainer service Pink Drainer to wind down operations

Developers
behind
Pink
Drainer,
a
notorious
wallet
drainer
service
implicated
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’s
time
for
us
to
retire,”
the
devs
claimed
in
a
Telegram

announcement,
first
reported
by
on-chain
detective
ZachXBT. 

The
developers
added,
“After
this
message’s
publication,
we
will
begin
winding
down
all
of
our
infrastructure.
All
stored
information
will
be
wiped
and
securely
destroyed.”

Pink
Drainer
is
a
software
kit
that
cybercriminals employ to
steal
cryptocurrency
assets by
exploiting technological
flaws
that
rely
primarily
on
social
engineering
techniques
and
phishing
URLs. Such
scams
use
malicious
phishing
sites
to
deceive
users
into
signing
transactions
that
deplete
their
wallets
of
cryptocurrencies
and
NFTs.

Pink
Drainer
was
part
of
a larger network
of
phishing-as-a-service
platforms, which
also
included Monkey
Drainer
and

Inferno
Drainer.
The
developers
of
these
services
charge
fees
and
collect
a
percentage
of
the
stolen
assets
as
payment.

Pink
Drainer
has
been
linked
to
the
theft
of
$85
million
in
crypto
from
more
than
21,000
victims
in
the
last
year,

according
to
ScamSniffer.

Pink
Drainer
hackers are
thought to
be
responsible
for a
number
of high-profile
attacks
across
multiple
platforms.
We
are
discussing
incidents
related
to
the
Evomos,
Pika
Protocol,
and
Orbiter
Finance
projects.
The
group was
also
implicated in
a
fraud
in
which
attackers
posed
as
crypto journalists.

In
total,
hackers

stole
$2
billion
in
cryptocurrencies
in
2023.
One
of
the
largest
cryptocurrency
thefts
of
the
year
was
the
compromise
of
the

Euler
Finance
platform.
During
the
incident,
the
hackers
stole
almost
$200
million.
There
were
also
attacks
on BonqDAO,
the

Poloniex
crypto
exchange,
and
the

Atomic
Wallet
crypto
wallet,
each
resulting
in
more
than
$100
million
in
damage.