Phishing Group PinkDrainer Announces Retirement, Leaving Behind Trail of Stolen Crypto
CryptoNewsTerminal Staff17 May, 2024
Phishing Group PinkDrainer Announces Retirement, Leaving Behind Trail of Stolen Crypto
Phishing Group Retires After Stealing $85 Million from 21,000 Victims The notorious phishing group PinkDrainer has announced its retirement after stealing a staggering $85 million worth of cryptocurrency from over 21,000 victims over the past year. According to a recent report by The Block, the group has decided to pack it in and "start cleaning up all our infrastructure and delete all the saved information." PinkDrainer gained notoriety for its sophisticated phishing attacks that targeted unsuspecting cryptocurrency users. The group would typically create fake websites and emails that resembled legitimate cryptocurrency exchanges or services, tricking victims into providing their credentials and private keys. Once the group had access to a victim's account, they would drain it of all its funds. PinkDrainer's victims included both individual investors and large exchanges. The group's announcement of its retirement has come as a surprise to many in the cryptocurrency community. Some speculated that PinkDrainer may have faced increased pressure from law enforcement or that they had simply amassed enough wealth to retire comfortably.
