Hacking group Pink Drainer strikes again, stealing $4.4M from 1 victim
A crypto hacking group known as the “Pink Drainer” has been linked to the theft of $4.4 million in Chainlink (LINK) from a victim who was tricked into signing the “Increase Approval” function.
According to chain data, the victim took a total of 275,700 in LINK – currently worth $4.33 million – in two transactions, within one minute of signing the “Add Approval” transaction.
Another victim lost $4.4 million worth of LINK to phishing scams 2 hours ago. pic.twitter.com/6zSWTp8G6d
– Fraud Fraudster | Web3 Anti-Scam (@realScamSniffer) December 29, 2023
About 68,925 LINK was transferred to a wallet named “PinkDrainer: Wallet 2” on Etherscan, while another 206,775 LINK was sent to an address ending in “E70e”.
Speaking to Cointelegraph, blockchain security firm Scam Sniffer confirmed that the latest theft was linked to Pink Drainer, but said it was unclear how the victim connected to the phishing website. Scam Sniffer has identified at least 10 Pink Drainer scam sites in the last 24 hours, he added.
“This is a typical attack where the victim has a lot of assets,” the company added.
According to blockchain investigator ZachXBT, the stolen funds have since been sold for Ether (ETH) and are currently being laundered through “fast cryptocurrency exchange” eXch.
Pink Drainer has been linked to several Discord and Twitter hacks over the past year, including EvoMos, Pica Protocol, OpenAI Chief Technology Officer Mira Muratti, and Orbiter Finance.
The group has been behind a scam impersonating crypto journalists.
Related: $3M Crypto Stolen On Christmas Day – MS Drainer Fraudsters Drain Victims
In June, Scam Sniffer was robbed of nearly $3 million by Pink Drainer over 1,932 victims.
As of Dec. 19, that number has risen to $18.7 million with 9,068 victims, according to Dune Analytics.
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