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The developers behind Pink Drainer, a notorious wallet draining service implicated in the theft of over $75 million in assets, have decided to shut down operations.
“We have reached our goal and now, as planned, it is time to retire,” the developers stated in a Telegram. advertisementFirst reported by on-chain detective ZachXBT.
The developers added: “Following the publication of this message, we will begin shutting down our entire infrastructure. All stored information will be securely deleted and destroyed.”
Pink Drainer is a software kit that cybercriminals employ to steal cryptocurrency assets by exploiting technological flaws that primarily rely on social engineering techniques and phishing URLs. These scams use malicious phishing sites to trick users into signing transactions that deplete their cryptocurrency and nft wallets.
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 fees and collect a percentage of the stolen assets as payment.
Pink Drainer has been linked to the theft of $85 million in cryptocurrency from more than 21,000 victims in the last year. according to ScamSniffer.
Pink Drainer hackers are believed to be responsible for a series 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 involved in a fraud in which attackers posed as crypto journalists.
In total, hackers stole $2 billion in cryptocurrency in 2023. One of the biggest cryptocurrency thefts of the year was the compromise of the Euler Finance platform. During the incident, hackers stole nearly $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.
