4 months ago
26 ARTICLE AD
The shutdown of their service will have "no major impact on the scene," claims Pink Drainer's operators.
Pink Drainer, the wallet-draining service responsible for over $85 million in stolen crypto, is shutting down. The shutdown was disclosed by ZachXBT through a Telegram post.
At its height, the scam service impacted over 21,000 victims, according to a Dune analytics dashboard shared by Web3 anti-scam firm Scam Sniffer.
“It is very likely that our retirement will have no major impact on the scene, people will move on to other drainers just as quickly as they moved to us,” the announcement said.
Pink Drainer stated that they have achieved their objectives and are retiring, prompting them to shut down their infrastructure and securely eliminate all stored data. The team expressed their satisfaction with “supporting” users for over a year without any scams, backdooring, or major incidents, acknowledging that the operation grew much larger than they had initially anticipated.
Pink Drainer’s message. Source: ZachXBT
Pink Drainer cautioned users to be wary of impersonators, emphasizing that they do not plan to return in the future and that any future communication would be signed by “0x636/0x9fa” which was identified as one of their wallets.
The crypto community has met Pink Drainer’s announcement with relief. Yu Xian, the founder of blockchain security firm SlowMist, commented on the closure, stating that it may not be easy for the gang to “retire” as there are numerous law enforcement records, and expressed anticipation for the moment when the gang is caught.
Pink Drainer’s closure marks yet another “scam-as-a-service” provider stepping out of the scene recently, following the cessation of operations by Inferno Drainer and Monkey Drainer last year due to undisclosed reasons.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
