In a twist of fate, the infamous crypto-hacking collective known as Pink Drainer became the prey in a cunning “address poisoning” scheme. The crypto compliance authority, MistTrack, highlighted the irony in a July 7th announcement, revealing that the notorious group inadvertently lost 10 Ether (ETH)—valued at approximately $30,000—to a deceptive wallet address in late June.
**Recent Transactions of Pink Drainer’s Wallet**
*Source: MistTrack*
MistTrack, in a conversation with Cointelegraph, explained that an address poisoning scam is executed when a malefactor dispatches minuscule amounts of cryptocurrency from an address that closely resembles one frequently used by the victim. This tactic is designed to ensnare the victim into mistakenly transferring assets to the wrong address.
“Scammers deploy bots to monitor for fresh transactions. While they cannot decipher the entire address, they can craft one where the initial and final characters mimic the target’s address,” MistTrack elucidated. “The scam hinges on the victim inadvertently using the fraudulent address in place of their own.”
**Related Incident:**
Angel Drainer ensnares users with a malevolent Safe contract, pilfering $403K.
In this particular case, the scammers transferred funds from a wallet address that bore a striking resemblance to one previously used by Pink Drainer, leading to the accidental transfer of 10 ETH to the sham address.
**Comparison of the Authentic and Fraudulent Wallet Addresses**
*Source: MistTrack*
This event occurred shortly after Pink Drainer’s unexpected May 17 declaration of retirement, claiming the achievement of its audacious objective of expropriating over $85 million in cryptocurrency. Dune Analytics’ records corroborate that Pink Drainer commenced its illicit activities in July 2023, amassing $85.3 million in stolen crypto.
**Pink Drainer’s Illicit Crypto Gains Surpass $85 Million**
*Data Courtesy of Dune Analytics*
Despite Pink Drainer ceasing its operations, the crypto underworld remains plagued by similar drainer toolkit services, such as Angel Drainer, Pussy Drainer, and Venom Drainer, which continue to facilitate the theft of digital assets.
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