Pink Drainer Retires After Successful $85 Million Theft Run
Dear Crypto Enthusiast, Pink Drainer, the notorious crypto-wallet draining kit, has officially retired after successfully stealing over $85 million in assets. This marks the end of a significant era in crypto theft. Here is all you need to know about this milestone:
Final Retirement Announcement
- ZachXBT, a well-known crypto investigator, shared the final announcement from Pink Drainer’s Telegram channel.
- The service officially closed after surpassing the $85 million mark in stolen assets.
- Following the shutdown, the channel was rebranded to “Bonadifier.”
The Pink Drainer team declared that they had accomplished their goals and were now retiring. They announced the shutdown of their infrastructure and the secure deletion of all data. The service developer, known only as Pink, declined any further comments and deleted the Telegram chat history.
“After this message’s publication, we will begin winding down our infrastructure. All stored information will be wiped and securely destroyed,” the announcement stated.
The Lingering Threat and Community Response
- Although Pink Drainer has retired, other drainers like Angel Drainer are still active in the space, posing a risk to crypto users.
- Angel Drainer recently stole over $400,000 from 128 victims in February.
- Phishing schemes in the crypto sector have become more sophisticated, with almost $300 million stolen from approximately 320,000 users in the past year.
The crypto community reacted with a mix of relief and caution following Pink Drainer’s retirement. Yu Xian, the founder of blockchain security firm SlowMist, expressed concerns about the gang’s retirement due to various law enforcement records in place.
A Common Pattern in Crypto Draining
- Pink Drainer’s retirement is part of a pattern seen in the crypto-draining space.
- Inferno Drainer shut down in November 2023 after stealing $70 million, while Monkey Drainer ceased operations in March 2023 with $13 million in stolen assets.
- These drainers operate as phishing-as-a-service platforms, collecting fees and a percentage of the looted funds.
Despite the closure of Pink Drainer, new drainers are emerging, ensuring that the threat of crypto theft remains ever-present in the community.
Hot Take: The Fight Against Crypto Theft Continues
Dear Crypto Enthusiast, as Pink Drainer officially retires after a successful run of over $85 million in stolen assets, it highlights the ongoing battle against crypto theft. While the closure of Pink Drainer is a significant development, the emergence of new drainers serves as a reminder to stay vigilant in safeguarding your crypto assets. Let’s continue to work together to ensure the safety and security of the crypto ecosystem. Stay informed, stay safe.
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