Karma served: Pink Drainer gets hit with address poisoning scam
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 08 2024- Pink Drainer Scam: Pink Drainer, a group known for draining wallets, fell victim to an "address poisoning" scam, losing 10 ETH worth $30,000 to a fake wallet address.
- Address Poisoning Scam: The attack involved sending small amounts of crypto from a similar-looking address to trick the target into sending funds to the wrong wallet.
- Modus Operandi: Scammers use bots to find new transactions and create fake addresses with similar identifiers to deceive victims into sending funds to the wrong place.
- Pink Drainer's Loss: The attackers successfully duped Pink Drainer by using an almost identical identifier in the fake wallet address, resulting in the accidental transfer of 10 ETH.
- Other Drainer Toolkit Services: Despite Pink Drainer retiring after stealing $85 million in crypto assets, other services like Angel Drainer, Pussy Drainer, and Venom Drainer continue to aid malicious actors in stealing cryptocurrencies.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
