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In a surprise Telegram announcement, Pink Drainer, a notorious crypto-wallet draining kit, declared that it would be retiring after reaching its goal of helping steal over $85 million in crypto assets.
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 “After this message’s publication, we will begin winding down all of our infrastructure. All stored information will be wiped and securely destroyed."
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Speaking to Cointelegraph, the developer behind the encrypted messaging service channel, Pink, said, “I do not wish to comment. Bye.”&nbsp;
Pink then deleted the entire Telegram chat record.
CryptoSleuth ZachXBT <a href="https://t.me/investigations/125" target="_blank" rel="noopener nofollow">provided</a>&nbsp;a screenshot of the Pink Drainer Telegram channel’s final announcement shutting down the drainware service after over $75 million was stolen.&nbsp;
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 Source: ZachXBT
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PeckShieldAlert also reported on the shutdown, informing the community that Pink Drainer addresses had staked a total of up to 18.1 million Dai (<a href="https://cointelegraph.com/dai-price-index">DAI</a>) into Spark, constituting around 1.35% of the total sDAI tokens.
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 Source: <a href="https://x.com/PeckShieldAlert/status/1791389262182760917" target="_blank" rel="noopener nofollow">PeckShieldAlert</a>
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<a href="https://dune.com/scamsniffer/pinkdrainer-stats" target="_blank" rel="noopener nofollow">According</a> to Dune Analytics, over $85 million has been stolen from over 21,100 victims since July 2023.
Related: <a href="https://cointelegraph.com/news/solana-memecoin-tool-pumpfun-claims-ex-employee-exploiter">Memecoin launcher pump.fun claims ex-employee behind $1.9M exploit</a>
The Pink Drainer Telegram channel has since rebranded to “<a href="https://t.me/Bonadifier" target="_blank" rel="noopener nofollow">Bonadifier</a>.” The channel now features an image of Bonad — a drainer with a mental disability — and the message, “never forget what he took from you.”
Pink Drainer’s cybercriminal toolkit helped&nbsp;<a href="https://cointelegraph.com/magazine/pink-drainer-security-researcher-steals-millions-from-participants/">steal $53 million from over 9,000 “participants”</a>&nbsp;in 2023. The Security researcher behind Pink Drainer defended the service, saying, “I don’t phish, I just code."
Read Cointelegraph’s crypto and artificial intelligence guide to <a href="https://cointelegraph.com/learn/what-is-a-phishing-attack-in-crypto-and-how-to-prevent-it">learn more about&nbsp;phishing attacks</a> and how to avoid online hacks.
The Pink Drainer announcement continues a pattern in the crypto-draining space by high-profile drainers. In November 2023,&nbsp; Inferno Drainer <a href="https://cointelegraph.com/news/inferno-drainer-shut-down-after-stealing-millions-crypto-wallet-scam-kit">shut down after helping steal $70 million</a>,&nbsp;preceded by&nbsp;Monkey Drainer in March 2023, which&nbsp;<a href="https://cointelegraph.com/news/notorious-monkey-drainer-crypto-scammer-says-they-re-shutting-down">shut down after helping steal $13 million</a>.&nbsp;&nbsp;
While the shutdown of drainer services offers crypto users some temporary reprieve, the existence of other drainers like Angel Drainer suggests the threat is far from over. In February, <a href="https://cointelegraph.com/news/angel-drainer-attack-gnosis-safe-vault-contract-etherscan">Angel Drainer stole over $400,000 from 128 crypto</a> wallets after targeting users with a malicious Safe Vault contract.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/bybit-notcoin-listing-debacle-china-firm-profit-after-crypto-buy-asia-express/">Bybit’s Notcoin listing debacle, China firm’s profits up 1100% after crypto buy: Asia Express</a>

Notorious Pink Drainer retires after hitting $85M theft milestone

Cointelegraph

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