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Notorious Crypto Drainer Pink Drainer Retires After Stealing Over $85 Million

In a surprise announcement on Telegram, Pink Drainer, a notorious crypto-wallet draining kit, declared its retirement after successfully facilitating the theft of over $85 million in crypto assets.

“After this message’s publication, we will begin winding down all of our infrastructure. All stored information will be wiped and securely destroyed,” stated the announcement.

The developer behind Pink Drainer, known as Pink, refused to comment further when approached by Cointelegraph, simply saying, “I do not wish to comment. Bye.”

Following this, Pink deleted the entire Telegram chat history.

CryptoSleuth ZachXBT shared a screenshot of Pink Drainer’s final announcement, revealing that the drainware service had shut down after stealing over $75 million.

PeckShieldAlert also reported on the shutdown, noting that Pink Drainer addresses had staked up to 18.1 million Dai into Spark, accounting for approximately 1.35% of the total sDAI tokens.

Data from Dune Analytics indicates that since July 2023, over $85 million has been stolen from more than 21,100 victims.

The Pink Drainer Telegram channel has since rebranded to “Bonadifier.”

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It now features an image of Bonad, described as a drainer with a mental disability, along with the message, “never forget what he took from you.”

Pink Drainer’s toolkit was responsible for stealing $53 million from over 9,000 “participants” in 2023.

The security researcher behind Pink Drainer defended the service, stating, “I don’t phish, I just code.”

This announcement continues a trend among high-profile crypto drainers.

In November 2023, Inferno Drainer ceased operations after stealing $70 million, following Monkey Drainer, which shut down in March 2023 after facilitating the theft of $13 million.

While the closure of drainer services like Pink Drainer provides temporary relief for crypto users, the ongoing presence of other drainers, such as Angel Drainer, indicates that the threat remains.

In February, Angel Drainer stole over $400,000 from 128 crypto wallets by targeting users with a malicious Safe Vault contract.

For more information on phishing attacks and how to avoid online hacks, read Cointelegraph’s guide on crypto and artificial intelligence.

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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