According to CryptoPotato, 'Pink Drainer', a notorious scam-as-a-service kingpin known for stealing millions from the digital asset sector, has announced its retirement. The announcement came via an unexpected statement shared on Telegram, where Pink Drainer, a tool infamous for draining cryptocurrency wallets, stated it had achieved its goal and would be winding down its operations. The developers also warned that any future messages claiming to be from them should be treated with suspicion unless verified by specific wallet signatures.
The developers' note, shared by on-chain investigator ZachXBT, read, 'We have reached our goal and now, according to plan, it’s time for us to retire. After this message’s publication, we will begin winding down all of our infrastructure. All stored information will be wiped and securely destroyed.' Blockchain security company PeckShield confirmed the development and noted that Pink Drainer addresses had deposited up to 18.1 million DAI into the DeFi lending protocol Spark, which is approximately 1.35% of the total sDAI tokens. This revelation indicated that Pink Drainer was one of the largest sDAI holders.
ScamSniffer data reveals that Pink Drainer has stolen over $85 million in cryptocurrency from more than 21,000 victims in the past year. The retirement of Pink Drainer marks a significant development in the digital asset sector, given the scale of its operations and the impact it had on its victims.