The developers of Pink Drainer, the infamous wallet drainer service linked to the theft of more than $75 million, have announced that they are shutting down.
In a message on Telegram, first published by ZachXBT detective, the developers said: “We have achieved our goal, and now, according to the plan, it is time for us to retire. After the publication of this message, we will begin to wind down our entire infrastructure. All stored information will be erased and securely destroyed.”
Pink Drainer is a software that cybercriminals use to steal cryptocurrency assets by exploiting technical flaws. The attackers did this mainly through social engineering techniques and phishing URLs. Malicious phishing sites were used to trick users into signing transactions that drained their cryptocurrency wallets and NFTs.
Pink Drainer was part of a more extensive network of phishing-as-a-service platforms, including Monkey Drainer and Inferno Drainer. The developers of these services charged a commission and received a percentage of the stolen assets as payment.
According to ScamSniffer, Pink Drainer has stolen $85 million worth of cryptocurrency from more than 21,000 victims over the past year.
It is believed that Pink Drainer hackers are responsible for several high-profile attacks on various platforms. These include 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 almost $200 million. There were also attacks on BonqDAO, the Poloniex crypto exchange, and the Atomic Wallet crypto wallet, each of which resulted in losses of more than $100 million.
The closure of Pink Drainer is a positive development for the cryptocurrency community, but it is also a reminder of the ongoing threat of cybercrime.
Cryptocurrency users should be vigilant and take steps to protect their assets, such as using secure wallets, activating multi-factor authentication, and keeping their software up to date.
