Yahya 
Renowned wallet-draining organization Pink Drainer has apparently tasted its own medicine after victimization by a “address poisoning” 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 Played Out?
An address poisoning scam, according to MistTrack, 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.
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, “so the scammer is banking on the victim to [copy the] scam address instead of the victim’s original address.”
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’s past wallet.
Background and Impact
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 Pink Drainer stole $85.3 million in bitcoin since July 2023.
Although Pink Drainer may have stopped running, many other drainer toolkit companies—Angel Drainer, Pussy Drainer, and Venom Drainer—continue to help evil actors in crypto asset theft.
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