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The cryptocurrency hacking group Pink Drainer hackers have been implicated in the recent incident where $4.4 million worth of LINK was drained, increasing the total number of victims to 9,068 and the stolen amount to $18.7 million.
According to on-chain analytics firm Etherscan, another user fell victim to an increased allowance transaction, losing about 275,700 LINK in two separate transactions, equivalent to $4.4 million. This further underscores Pink Drainer’s ongoing exploits and their significant impact on the crypto community.
another victim lost $4.4 million worth of LINK to phishing scams about 2 hours ago.https://t.co/B4Z3yWrH7e https://t.co/6n6m0lZQK4 pic.twitter.com/6zSWTp8G6d
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 29, 2023
The initial transaction, flagged by Etherscan, involved 68,925 LINK sent to Pink Drainer, followed by a subsequent transaction of 206,775 LINK transferred to another wallet. Analysts have confirmed the incident, emphasizing the importance of heightened vigilance, as the hacking group, Pink Drainer, has been associated with multiple scams in the past.
This situation raises concerns about the vulnerability of certain accounts, prompting a call for increased security measures within the crypto community.
Reddit user jbtravel84 has conducted an analysis, flagging wallets associated with the recent cryptocurrency thefts by the Pink Drainer hacking group. The analysis reveals a pattern where funds are being swapped to Ethereum (ETH) and transferred into intermediary addresses. There is a call for further investigation to unveil the identities behind these wallets.
The hacker is believed to be affiliated with a well-known hacking group that has a history of multiple scams. This incident has sparked significant concern within the cryptocurrency community, prompting calls for increased transparency and vigilance.
Additionally, Scam Sniffer has attributed the theft to Pink Drainer and identified 10 fraudulent websites linked to the hacking group in the last 24 hours. However, the specific details of how the victim initially interacted with the fraudulent website remain unclear, raising broader concerns about the tactics employed by such hacking groups.
Pink Drainer Hackers Ongoing Cryptocurrency Scams
Pink Drainer hackers’ recent attack, resulting in the theft of $4.4 million in LINK, adds to the group’s notorious history of scams within the cryptocurrency industry. This incident follows a pattern of the group targeting victims, further contributing to the growing number of scams in the sector.
In June of the same year, Pink Drainer hackers orchestrated a scam, siphoning $3.3 million from 2,300 victims. The attackers posed as journalists from digital asset news websites, conducting fake interviews that led victims into a Know-Your-Customer process and ultimately compromising their assets.
According to Scam Sniffer, the hackers utilized phishing links sent through Discord accounts they had gained access. Victims inadvertently opened malicious websites and signed fraudulent signatures, resulting in the loss of their assets.
The blockchain security firm’s analysis revealed that all Discord attacks could be attributed to the same hacking group, underscoring the need for increased awareness and security measures within the cryptocurrency community.
By analyzing the malicious websites created by Pink Drainer hackers in the past month, we found that many Discord hacks are related to them,” they added.
In another incident, 216 users of the decentralized finance (DeFi) platform Slingshot fell victim to an exploit in June. According to the report, the hacking group compromised the Twitter account of the platform and posted a false link to claim airdrops, subsequently draining accounts in the process.
This highlights the multifaceted nature of Pink Drainer hackers’ tactics, extending beyond direct cryptocurrency theft to manipulating social media platforms for fraudulent activities.
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