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Pink Drainer shuts down after dealing over $85 million in damage

The shutdown of their service will have "no major impact on the scene," claims Pink Drainer's operators.

Pink Drainer shuts down after dealing over $85 million in damage

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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.

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