Pink Drainer Strikes Again, Stealing $4.4 Million in LINK
A hacking group known as Pink Drainer has been identified as the culprit behind the recent theft of $4.4 million worth of LINK tokens. This incident brings the total number of victims targeted by the group to 9,068, with a combined stolen amount of $18.7 million.
Increased Allowance Transaction Leads to Victim’s Loss
According to on-chain analytics firm Etherscan, another user fell victim to Pink Drainer through an increased allowance transaction. In this case, the user lost approximately 275,700 LINK tokens, equivalent to $4.4 million, in two separate transactions.
Analysts Confirm Pink Drainer’s Involvement
Several analysts have confirmed Pink Drainer’s involvement in the recent theft and have emphasized the importance of remaining vigilant. The hacking group has been linked to previous scams, indicating that other accounts may also be vulnerable.
Reddit User Provides Insight into Wallets Linked to Incidents
A Reddit user named jbtravel84 has analyzed the situation and identified wallets connected to the thefts. They warned that funds are being swapped to Ethereum (ETH) and moved into intermediary addresses, suggesting that further investigation could reveal the culprits behind these wallets.
Pink Drainer’s History of Scams
This is not the first time Pink Drainer has carried out such scams. In a previous incident, they stole $3.3 million from 2,300 victims by posing as journalists conducting interviews and exploiting a Know-your-customer process.
Pink Drainer Linked to Discord Hacks
An analysis by a blockchain security firm revealed that all Discord attacks could be traced back to Pink Drainer. The group has been creating malicious websites and sending phishing links through compromised Discord accounts to deceive users and steal their assets.
Exploit on DeFi Platform Slingshot
In another instance, Pink Drainer targeted the decentralized finance (DeFi) platform Slingshot. By compromising the platform’s Twitter account and posting a false link for airdrops, they managed to drain the accounts of 216 users.
Hot Take: Pink Drainer Continues to Pose a Threat
The recent theft of $4.4 million in LINK tokens by Pink Drainer serves as a reminder of the ongoing threat posed by this hacking group. With their history of scams and continuous targeting of unsuspecting victims, it is crucial for cryptocurrency users to exercise caution and remain vigilant. Increased awareness and security measures are necessary to protect against such incidents in the future.
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