Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (POL)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)
Make crypto bots for trading

As a result of the fraudulent scheme, the trader lost $4.4 million in Chainlink tokens

Market and Events: As a result of the fraudulent scheme, the trader lost $4.4 million in Chainlink tokens

One user was targeted by the infamous #Pink Drainer hacking group, causing him to lose $4.4 million in Chainlink (LINK) tokens due to their deceptive tactics.

The attention of onchain investigator Scam Sniffer was drawn to this significant financial setback.

What happened

The criminals reportedly quickly emptied the victim's wallet of 275,700 LINK in two transactions, which at current exchange rates is a staggering $4.33 million dollars. The attack is believed to have used social engineering, a favorite technique of Pink Drainer members.

The attackers transferred about 68,925 LINK to a wallet identified as "PinkDrainer: Wallet 2" on Etherscan. They also sent another 206,775 LINK to another address.

Another astute onchain researcher, #ZachXBT, noticed that the Pink Drainer scammers converted the stolen funds into Ethereum (ETH). He also reported that the illegally gained funds are currently being laundered through the cryptocurrency exchange eXch.

Previous Pink Drainer exploits

According to Dune, this hacker group attacked and robbed over 9,000 users in 2023, collecting a total of over $18 million dollars. Their most lucrative period was during the spring and summer seasons, when they started masquerading as journalists.

In June, it was revealed that cybercriminals defrauded about 2,000 investors, swindling more than $2.9 million from them. Analysts believe that the attackers relied primarily on their social engineering skills, posing as journalists from reputable publications.

Such schemes have become alarmingly common. In mid-November, SlowMist analysts reported a new wave of thefts in which an attacker posed as a well-known journalist, lured #Friend.tech users into an interview and then attempted to compromise their accounts.

A similar incident occurred with collectors of the Bored Ape Yacht Club (#BAYC). The scammer posed as a Forbes editorial staff member and sent phishing links to unsuspecting victims.

Immunefi analysts estimate that over the past year, #hackers stole $1.8 billion dollars worth of cryptocurrency.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: Inverest.com Review: When Precision Meets Purpose in Brokerage
The investing world has become a paradox. More access than ever before, yet somehow less clarity. More information flowing every second, yet fewer moments of real understanding..
Press Releases: WellingtonBlanc Announces Enhanced Brokerage Services to Support Modern Investors
London, United Kingdom – WellingtonBlanc has unveiled a fresh chapter in its brokerage services, setting out to make investing easier, smarter, and more accessible for everyday investors..
Press Releases: MEXC Celebrates ZEROBASE (ZBT) Listing with Airdrop+ Event Featuring 55,000 USDT Prize Pool
MEXC, a leading global cryptocurrency exchange, announced it will list ZEROBASE (ZBT) in the Innovation Zone at 13:00 on Oct 17, 2025 (UTC). To celebrate the listing, MEXC is launching..
Press Releases: MEXC Trading Volume Soars 537% as Traders Capture 5,000% Token Gains Amid Record September Growth
Global cryptocurrency exchange MEXC released its September trading data, revealing explosive growth across trading activity, token performance, and ecosystem engagement..
⁝⁝⁝

Trending news

  • Artificial Intelligence (AI)
  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • show more