{"id":67896,"date":"2023-12-29T13:25:46","date_gmt":"2023-12-29T17:25:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=67896"},"modified":"2023-12-29T13:30:22","modified_gmt":"2023-12-29T17:30:22","slug":"pink-drainer-steals-4-4m-from-single-victim-in-latest-hack","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/pink-drainer-steals-4-4m-from-single-victim-in-latest-hack\/","title":{"rendered":"Pink Drainer Steals $4.4M from Single Victim in Latest Hack"},"content":{"rendered":"\n

The owner of Chainlink (LINK) tokens lost $4.4 million in assets as a result of a Pink Drainer breach<\/a>.<\/p>\n\n\n\n

\"Pink
Pink Drainer Steals $4.4M from Single Victim in Latest Hack<\/figcaption><\/figure>\n\n\n\n

Scam Sniffer evidence that is currently accessible indicates that attackers deceived the user into signing a transaction pertaining to the IncreaseAllowance function\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. The victim lost 275,700 Link in two transactions just after that.<\/p>\n\n\n\n

\n

another victim lost $4.4 million worth of LINK to phishing scams about 2 hours ago.https:\/\/t.co\/B4Z3yWrH7e<\/use><\/svg><\/span><\/a> https:\/\/t.co\/6n6m0lZQK4<\/use><\/svg><\/span><\/a> pic.twitter.com\/6zSWTp8G6d<\/use><\/svg><\/span><\/a><\/p>— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 29, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

You can find out how many tokens a user permits to be transferred from his address to another wallet using the IncreaseAllowance function. Then, 68,925 tokens were moved to a cryptocurrency wallet<\/a> known by Etherscan as “PinkDrainer: Wallet 2.” 206,775 LINK left were delivered to a different address.<\/p>\n\n\n\n

The theft of assets is connected to the Pink Drainer organization's operations, according to Scam Sniffer platform representatives. Experts were unable to pinpoint the precise method used by the attackers to coerce the user into agreeing to the token transfer, though.<\/p>\n\n\n\n

ZachXBT, a cryptocurrency investigator, reported that the pilfered money was exchanged for Ethereum and routed via the eXch service.ZachXBT, a cyber investigator, stated:<\/p>\n\n\n\n

\n

“The stolen funds were sold for ETH and are currently being laundered through eXch.”<\/p>\n<\/blockquote>\n\n\n\n

Pink Drainer hackers are thought to be behind several well-publicized attacks on different platforms. This is about the Orbiter Finance, Pika Protocol, and Evomos projects. <\/p>\n\n\n\n

Additionally, the group participated in a fraud where hackers pretended to be cryptocurrency journalists. Dune Analytics reports that in 2023, hackers using the Pink Drainer exploit stole $18.7 million from 9,068 victims.<\/p>\n\n\n\n

\"Source:
Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

In 2023, $2 billion worth of cryptocurrency was stolen by hackers. The hack of the Euler Finance protocol was one of the biggest cryptocurrency thefts of the year. <\/p>\n\n\n\n

It is estimated that hackers took about $200 million during the attack. Assaults inflicted more than $100 million worth of damage on BonqDAO, the Poloniex cryptocurrency exchange, and the Atomic Wallet cryptocurrency wallet<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The owner of Chainlink (LINK) tokens lost $4.4 million in assets as a result of a Pink Drainer breach. Scam Sniffer evidence that is currently accessible indicates that attackers deceived the user into signing a transaction pertaining to the IncreaseAllowance function . The victim lost 275,700 Link in two transactions just after that. You can […]<\/p>\n","protected":false},"author":43,"featured_media":67901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11476],"tags":[852,1496,17720],"class_list":["post-67896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hacks-and-scams","tag-chainlink","tag-hack","tag-pink-drainer"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/croc_1703870740700.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=67896"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/67901"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=67896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=67896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=67896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}