{"id":24562,"date":"2024-07-08T14:01:32","date_gmt":"2024-07-08T11:01:32","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24562"},"modified":"2024-07-08T15:47:09","modified_gmt":"2024-07-08T12:47:09","slug":"pink-drainer-falls-victim-to-address-poisoning-scam-losing-30000-in-ether","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/pink-drainer-falls-victim-to-address-poisoning-scam-losing-30000-in-ether\/","title":{"rendered":"Pink Drainer Falls Victim to Address Poisoning Scam, Losing $30,000 in Ether"},"content":{"rendered":"<p>Renowned wallet-draining organization <strong>Pink Drainer<\/strong> has apparently tasted its own medicine after victimization by a &#8220;<em>address poisoning<\/em>&#8221; fraud. In a July 7 post to X, crypto compliance platform <strong>MistTrack<\/strong> highlighted the incident in which the hacker group lost 10 Ether (about $30,000 at current rates) to a bogus wallet address late June.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/pink-drainer-falls-victim-to-address-poisoning-scam-losing-30000-in-ether\/#How_the_Scam_Played_Out\" title=\"How the Scam Played Out?\">How the Scam Played Out?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/pink-drainer-falls-victim-to-address-poisoning-scam-losing-30000-in-ether\/#Background_and_Impact\" title=\"Background and Impact\">Background and Impact<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Scam_Played_Out\"><\/span>How the Scam Played Out?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An address poisoning scam, according to <strong>MistTrack<\/strong>, is when an assailant transfers little sums of cryptocurrency from a wallet with a similar-looking address to one of the target wallets. The aim is to fool the victim into inadvertently forwarding money to the wrong wallet.<\/p>\n<p>Bots created by scammers search for fresh transactions. MistTrack advised making the initial and final few characters appear like the address being used as they cannot break the encryption on the entirety. They said, &#8220;<em>so the scammer is banking on the victim to [copy the] scam address instead of the victim&#8217;s original address.<\/em>&#8221;<\/p>\n<p>In this case, the attackers successfully fool the group into donating 10 ETH to the fictitious account by mistake by sending money from a wallet address nearly exactly matching Pink Drainer&#8217;s past wallet.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Background_and_Impact\"><\/span>Background and Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This event follows an unexpected declaration from Pink Drainer on May 17, stating it would stop providing services after it has helped steal over $85 million in cryptocurrency assets. Dune Analytics data shows <strong>Pink Drainer<\/strong> stole $85.3 million in bitcoin since July 2023.<\/p>\n<p>Although Pink Drainer may have stopped running, many other drainer toolkit companies\u2014Angel Drainer, Pussy Drainer, and Venom Drainer\u2014continue to help evil actors in crypto asset theft.<\/p>\n<p><i><span style=\"font-weight: 400\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.net\/blog\/news\/\"><i><span style=\"font-weight: 400\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renowned wallet-draining organization Pink Drainer has apparently tasted its own medicine after victimization by a &#8220;address poisoning&#8221; fraud. In a July 7 post to X, crypto compliance platform MistTrack highlighted the incident in which the hacker group lost 10 Ether (about $30,000 at current rates) to a bogus wallet address late June. How the Scam<\/p>\n","protected":false},"author":6,"featured_media":24564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[5853,6185,971],"class_list":["post-24562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-address-poisoning","tag-pink-drainer","tag-scam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pink Drainer Falls Victim to Address Poisoning Scam, Losing $30,000 in Ether - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/pink-drainer-falls-victim-to-address-poisoning-scam-losing-30000-in-ether\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pink Drainer Falls Victim to Address Poisoning Scam, Losing $30,000 in Ether - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Renowned wallet-draining organization Pink Drainer has apparently tasted its own medicine after victimization by a &#8220;address poisoning&#8221; fraud. In a July 7 post to X, crypto compliance platform MistTrack highlighted the incident in which the hacker group lost 10 Ether (about $30,000 at current rates) to a bogus wallet address late June. 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