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The notorious hacking group, Pink Drainer lost 10 Ether (around $30,000) to an “address poisoning” scam, as reported by crypto compliance platform MistTrack on July 7. 
MistTrack explained that an address poisoning scam occurs when an attacker sends small amounts of crypto from a wallet with a similar-looking address to one of the target’s regular wallets. 
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 Scamming the scammer 🤣 It seems like an address associated with the Pink Drainer fell victim to the address poisoning scam. Pink Drainer: 0x8980ab6d185af9bcc10292d4e91ae4c0b4f14213 Real: 0xEfF0E5244d5C78Ba4DD6bc01082576280558f58A Fake:… <a href="https://t.co/1CCWTufeZv" target="_blank">pic.twitter.com/1CCWTufeZv</a>— MistTrack🕵️ (@MistTrack_io) <a href="https://twitter.com/MistTrack_io/status/1809757802375647610?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 7, 2024</a>
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The aim is to trick the target into accidentally sending funds to the <a href="https://etherscan.io/address/0xeff0ecd2eb275c3cee4a17d9b8f101551d58f58a" target="_blank" rel="noreferrer noopener nofollow">scammer’s wallet</a>. Scammers use bots to find new transactions and create addresses with similar first and last characters, hoping victims will copy the scam address instead of their original one. 
In this case, Pink Drainer was duped by an address almost identical to their previous wallet. This trick led them to accidentally send 10 ETH to the scammer’s wallet in late June. 
This incident comes just a month after Pink Drainer announced its retirement on May 17, having achieved its goal of stealing over $85 million in crypto assets. Data from <a href="https://dune.com/scamsniffer/pinkdrainer-stats" target="_blank" rel="noreferrer noopener nofollow">Dune Analytics</a> shows Pink Drainer stole $85.3 million in crypto from July 2023. 
While Pink Drainer may have halted its operations, other drainer toolkit services like Angel Drainer, Pussy Drainer, and Venom Drainer continue to assist criminals in stealing crypto assets. 
Crypto users should double-check wallet addresses before transactions to avoid falling prey to address poisoning scams, highlighting ongoing risks in the crypto world where even notorious scammers can be victims. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/06/crypto-scams-on-evm-chains-amount-to-314m-in-h1-2024/" target="_blank" rel="noreferrer noopener">Crypto Scams on EVM Chains Amount to $314M in H1 2024</a> 
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Pink Drainer Loses 10 Ether to Address Poisoning Scam

The Crypto Times

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