<\/p>\n
The infamous crypto-hacking group Pink Drainer has been implicated in a highly sophisticated phishing scam that led to a loss of $4.4 million worth of Chainlink (LINK) tokens.<\/p>\n
This recent cyber heist targeted a single victim who fell prey to a deceptive tactic that led to the signing of a transaction linked to the \u2018Increase Approval\u2019 function.<\/p>\n
The \u2018Increase Approval\u2019 function is a standard procedure in the crypto world, allowing users to set limits on the number of tokens accessible for transfer by another wallet.<\/p>\n
Without the victim\u2019s knowledge, this action enabled the unauthorized transfer of 275,700 LINK tokens in two distinct transactions.<\/p>\n
\nanother victim lost $4.4 million worth of LINK to phishing scams about 2 hours ago.https:\/\/t.co\/B4Z3yWrH7e<\/a> https:\/\/t.co\/6n6m0lZQK4<\/a> pic.twitter.com\/6zSWTp8G6d<\/a><\/p>\n
\u2014 Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 29, 2023<\/a><\/p>\n<\/blockquote>\n
Details from Scam Sniffer, a crypto-security platform, revealed that the tokens were drained in two separate transfers.<\/p>\n
Initially, 68,925 LINK tokens were diverted<\/a> to a wallet tagged by Etherscan as \u201cPinkDrainer: Wallet 2.\u201d The remainder, amounting to 206,775 LINK, was sent to a different address ending with \u201cE70e.\u201d<\/p>\n
ZachXBT, a renowned crypto detective, has also disclosed that the stolen funds were quickly converted into Ethereum (ETH) and laundered through the eXch service, complicating the traceability of the assets.<\/p>\n
\n\u201cThe stolen funds were sold for ETH and are currently being laundered through eXch,\u201d he stated<\/a>.<\/p>\n<\/blockquote>\n
$4.4 Million Chainlink Heist Linked to Pink Drainer<\/h2>\n
Scam Sniffer\u2019s investigation confirms the involvement of the Pink Drainer group in this heist, although the exact method used to coerce the victim into authorizing the token transfer remains unclear.<\/p>\n
Scam Sniffer has also identified at least 10 new scam sites connected to Pink Drainer in the last 24 hours alone.<\/p>\n
The Pink Drainer syndicate, notorious for its high-profile attacks on platforms such as Twitter and Discord, has been linked to incidents involving Evomos, Pika Protocol, and Orbiter Finance.<\/p>\n
Earlier this year, they were also implicated in a scam posing as crypto journalists, leading to the theft of approximately $3 million from over 1,932 victims.<\/p>\n
The latest data from Dune Analytics indicates<\/a> an escalation in Pink Drainer\u2019s activities, with total losses amounting to $18.7 million, affecting 9,068 victims as of December 19.<\/p>\n
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The infamous crypto-hacking group Pink Drainer has been implicated in a highly sophisticated phishing scam that led to a loss of $4.4 million worth of Chainlink (LINK) tokens. This recent cyber heist targeted a single victim who fell prey to a deceptive tactic that led to the signing of a transaction linked to the \u2018Increase […]<\/p>\n","protected":false},"author":2,"featured_media":173412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-221182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/221182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=221182"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/221182\/revisions"}],"predecessor-version":[{"id":221184,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/221182\/revisions\/221184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/173412"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=221182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=221182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=221182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}