Infamous crypto scam service Pink Drainer shuts down after netting $85 million

4 months ago

Pink Drainer, a notorious crypto wallet-draining service, is winding down its operations, according to a May 16 screenshot shared by blockchain sleuth ZachXBT.

A Dune analytics dashboard by Web3 anti-scam steadfast Scam Sniffer showed that Pink Drainer, done its galore fraudulent schemes, pilfered implicit $85 cardinal from much than 21,000 victims successful the past twelvemonth alone.

This closure marks yet different “scam-as-a-service” supplier stepping retired of the country recently. Last year, Inferno Drainer and Monkey Drainer ceased operations owed to undisclosed reasons.

Why is Pink Drainer quitting?

In the screenshot, Pink Drainer stated they person achieved their objectives and are retiring. Consequently, they mean to upwind down their infrastructure and securely destruct each stored data. The connection reads:

“We are genuinely blessed to person supported each of you for implicit a twelvemonth without immoderate scams, backdooring, oregon large incidents. This full happening grew truthful overmuch larger than we could person adjacent imagined it would person erstwhile we had started. We apologize for the deficiency of anterior announcement astir our departure, but I deliberation astir of you volition understand.”

The scammers cautioned users to beryllium wary of impersonators, emphasizing that they bash not program to instrumentality successful the future. It added that immoderate aboriginal connection would beryllium signed by 1 of its wallets, identified arsenic “0x636/0x9fa”.

Pink Drainer acknowledged that its status mightiness not importantly disrupt the scene, arsenic users are apt to modulation to different akin services. Therefore, it encouraged financially unchangeable users to measurement backmost from the fray and bask life.

Meanwhile, Pink Drainer’s announcement has been met with alleviation wrong the crypto community. Yu Xian, the laminitis of blockchain information steadfast SlowMist, wrote:

“The aged [phishing] pack Pink Drainer announced its closure aft making a full nett of $75M. It whitethorn not beryllium that casual to ‘retire’ arsenic determination are a batch of instrumentality enforcement records. Waiting for the infinitesimal erstwhile the pack is caught.”

The station Infamous crypto scam work Pink Drainer shuts down aft netting $85 million appeared archetypal connected CryptoSlate.

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