Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»HACKING NEWS»Infamous Crypto Wallet, Pinkdrainer Group Leaks, Loses 10 ETH to Deal with Addiction Scam
HACKING NEWS

Infamous Crypto Wallet, Pinkdrainer Group Leaks, Loses 10 ETH to Deal with Addiction Scam

By Crypto FlexsJuly 9, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Infamous Crypto Wallet, Pinkdrainer Group Leaks, Loses 10 ETH to Deal with Addiction Scam
Share
Facebook Twitter LinkedIn Pinterest Email
  • Pink Drainer lost 10 ETH ($30,000) in an address poisoning scam that exploited address similarity.
  • The attackers tricked Pink Drainer into sending funds by imitating his wallet address.
  • The attack came days after Pink Drainer announced it was shutting down operations.

Surprisingly, the infamous cryptocurrency wallet leaking group Pink Drainer fell for an address poisoning scam and lost 10 ETH, worth around $30,000.

The attack was flagged by cryptocurrency compliance platform MistTrack via a July 7 post.

What happen?

Address poisoning scams exploit the similarity between legitimate wallet addresses and fraudulent wallet addresses.

In this case, the attacker sent a small amount of cryptocurrency from a wallet with an address very similar to that of the Pink Drainer.

The goal was to trick Pink Drainer into accidentally sending funds to the wrong address.

MistTrack explains that scammers often manipulate a few characters at the beginning or end of an address to make it look similar to the target’s actual address.

MistTrack explained how scammers use bots to monitor transactions and identify opportunities, mimicking parts of legitimate addresses, increasing the likelihood that victims will mistakenly send funds to a fraudulent address instead of the intended one.

In the case of Pink Drainer, the subtle similarities between the fake address and the legitimate address were enough for the group to trick the recipient into sending 10 ETH.

Pink Rainer has announced that they will be suspending their activities.

According to data from Dune Analytics, the incident comes shortly after Pink Drainer announced it was ceasing operations after achieving its goal of stealing over $85 million worth of cryptocurrency assets by July 2023.

Although Pink Drainer has ceased operations, the prevalence of similar wallet money laundering groups such as Angel Drainer, Push Drainer, and Venom Drainer shows that there is an ongoing threat to the cryptocurrency ecosystem.

Address pollution scams highlight the importance of being vigilant and following security best practices, such as taking care when processing transactions by verifying the accuracy of recipient addresses before transferring funds.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Wake’s GMX Hacking Analysis and Attack Scenario

July 25, 2025

How to Start with Web3 and Crypto -Dew Prehtation

July 23, 2025

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025

Ripple CTO’s amazing regret for censorship

July 26, 2025

Ether Leeum validation exit exit queue will explode with 521,000 ETH ATH.

July 26, 2025

Wake’s GMX Hacking Analysis and Attack Scenario

July 25, 2025

Pepeto Announces $5.5M Presale And Demo Trading Platform

July 25, 2025

$75K In Rewards Announced For Valhalla’s First-Ever Tournament

July 25, 2025

Bitcoin Market Bullish? DL Mining Launches $100 Bonus + Sustainable Cloud Mining

July 25, 2025

Bybit And Tether Launch Strategic Partnership To Accelerate Crypto Adoption In Brazil

July 25, 2025

Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date

July 25, 2025

Pioneering Real-World Asset Tokenization In The U.S. Market

July 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025

Ripple CTO’s amazing regret for censorship

July 26, 2025
Most Popular

Ethena’s 328.77% network activity growth: Will ENA surge?

February 23, 2025

Twitter faces EU investigation over failure to moderate illegal content and disinformation

December 19, 2023

Chainlink spikes 10% on weekly chart as market sees correction

November 28, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.