Notorious Pink Drainer Calls It Quits, Citing Mission Achieved

After wreaking havoc throughout the digital asset sector and stealing tens of millions of {dollars}, scam-as-a-service kingpin ‘Pink Drainer’ has vowed to erase all traces of its operations and introduced the winding down of its nefarious infrastructure.

In an surprising assertion shared by way of Telegram, Pink Drainer, the pockets drainer software recognized for siphoning funds from cryptocurrency wallets, introduced its retirement. This determination comes after Pink Drainer mentioned that it had reached its purpose.

• Of their ultimate message, Pink Drainer’s builders additionally mentioned they haven’t any plans to return. They added that any messages purporting to be from them ought to be handled with suspicion except they’re verified by particular pockets signatures (0x636/0x9fa).
• The Pink Drainer’s dev notice shared by the on-chain sleuth, ZachXBT on Telegram revealed,

“We’ve reached our purpose and now, in keeping with plan, it’s time for us to retire. After this message’s publication, we’ll start winding down all of our infrastructure. All saved info will likely be wiped and securely destroyed.”

• The event was additional confirmed by blockchain safety firm PeckShield which notified the departure, whereas additionally stating that the Pink Drainer addresses had deposited a complete of as much as 18.1 million DAI into the DeFi lending protocol Spark, which represents roughly 1.35% of the overall sDAI tokens.
• This alarming revelation meant that Pink Drainer was one of many largest sDAI holders, as per PeckShield.
• In keeping with ScamSniffer knowledge, Pink Drainer has stolen over $85 million in cryptocurrency from greater than 21,000 victims over the previous yr.