The masterminds behind Pink Drainer, a notorious wallet drainer service, have announced their decision to dismantle its infrastructure. In a Telegram message, the developers stated, "We've achieved our goal, and now it's time to retire, as planned." They revealed that all stored information will be erased and securely destroyed, marking the end of their operations.

Pink Drainer is a software kit used by cybercriminals to exploit technical vulnerabilities and steal crypto assets through social engineering tactics and phishing links. These schemes trick users into signing transactions that drain cryptocurrencies and NFTs from their wallets. Pink Drainer was part of a larger network of phishing-as-a-service platforms, including Monkey Drainer and Inferno Drainer. The developers profited from fees and a percentage of the stolen assets.

According to ScamSniffer data, Pink Drainer was linked to the theft of $85 million in cryptocurrency from over 21,000 victims in the past year.

In March, an email phishing scam connected to the Pink Drainer kit targeted creditors of bankrupt crypto firms, resulting in thefts worth at least $5 million. The shutdown of Pink Drainer's infrastructure marks a significant development in the fight against crypto fraud and phishing schemes.