A crypto hacking group known as “Pink Drainer” has recently been linked to a significant theft of $4.4 million worth of Chainlink LINK cryptocurrency. The victim was tricked into signing an “Increase Approval” function, resulting in the draining of 275,700 LINK in just a minute. The stolen funds were divided between two wallets, with 68,925 LINK going to a wallet labeled as “PinkDrainer: Wallet 2” and 206,775 LINK sent to an address ending in “E70e”.
Blockchain security firm Scam Sniffer confirmed the connection between Pink Drainer and the theft, but the exact method of interaction between the victim and the phishing website remains unclear. Scam Sniffer has identified multiple Pink Drainer scam sites in the past 24 hours. The firm noted that this type of attack typically targets individuals with significant assets.
Investigator ZachXBT discovered that the stolen funds were converted into Ether (ETH) and are currently being laundered through the “instant cryptocurrency exchange” eXch. Pink Drainer has been involved in various Discord and Twitter hacks over the past year, targeting individuals and organizations such as Evomos, Pika Protocol, OpenAI’s chief technology officer Mira Murati, and Orbiter Finance. The group has also engaged in scams by impersonating crypto journalists.
Previous reports from Scam Sniffer revealed that Pink Drainer had stolen approximately $3 million from 1,932 victims in June. However, as of December 19, the group’s total theft has risen to $18.7 million across 9,068 victims, according to data from Dune Analytics.
Overall, Pink Drainer’s activities highlight the ongoing challenges and risks associated with cryptocurrency security. It is crucial for individuals to remain vigilant and cautious when interacting with online platforms and to take necessary precautions to protect their assets.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Mira Murati, None, ZachXBT |
| Companies | Scam Sniffer, Evomos, Pika Protocol, OpenAI, eXch, ZachXBT, Pink Drainer, Chainlink, Etherscan, Twitter, Dune Analytics, Orbiter Finance, Discord |
| Currencies | Ethereum, Chainlink |
| Securities | None |
