Pink Drainer, a infamous crypto wallet-draining service, is winding down its operations, in keeping with a Could 16 screenshot shared by blockchain sleuth ZachXBT.
A Dune analytics dashboard by Web3 anti-scam agency Rip-off Sniffer confirmed that Pink Drainer, via its quite a few fraudulent schemes, pilfered over $85 million from greater than 21,000 victims within the final 12 months alone.
This closure marks yet one more “scam-as-a-service” supplier stepping out of the scene just lately. Final 12 months, Inferno Drainer and Monkey Drainer ceased operations attributable to undisclosed causes.
Why is Pink Drainer quitting?
Within the screenshot, Pink Drainer said they’ve achieved their aims and are retiring. Consequently, they intend to wind down their infrastructure and securely remove all saved information. The assertion reads:
“We’re really blissful to have supported all of you for over a 12 months with none scams, backdooring, or main incidents. This whole factor grew a lot bigger than we may have even imagined it will have after we had began. We apologize for the dearth of prior discover about our departure, however I feel most of you’ll perceive.”
The scammers cautioned customers to be cautious of impersonators, emphasizing that they don’t plan to return sooner or later. It added that any future communication could be signed by considered one of its wallets, recognized as “0x636/0x9fa”.
Pink Drainer acknowledged that its retirement won’t considerably disrupt the scene, as customers are prone to transition to different comparable companies. Subsequently, it inspired financially steady customers to step again from the fray and luxuriate in life.
In the meantime, Pink Drainer’s announcement has been met with reduction inside the crypto neighborhood. Yu Xian, the founding father of blockchain safety agency SlowMist, wrote:
“The outdated [phishing] gang Pink Drainer introduced its closure after making a complete revenue of $75M. It will not be that simple to ‘retire’ as there are numerous regulation enforcement data. Ready for the second when the gang is caught.”
