Pink Drainer Lost $30K to Address Poisoning
On July 7, MistTrack, a crypto tracking and compliance platform, reported that Pink Drainer lost 10 Ether (nearly $30,000) to a fraudulent wallet address in late June
A wallet-draining group called Pink Drainer has ironically become a victim of an address poisoning scam.
Address poisoning is a scam where attackers send small amounts of crypto from a wallet with a nearly identical address to the target's, making its way to transaction history. This tactic aims to trick the target into accidentally sending funds to the scammer's address.
On July 7, MistTrack, a crypto tracking and compliance platform, reported that Pink Drainer lost 10 Ether (nearly $30,000) to a fraudulent wallet address in late June.
According to MisTrack, scammers use bots to scan for new transactions. While they can't decipher the entire address, they can manipulate the first and last few characters to resemble the legitimate address. This trick relies on the victim copying the fraudulent address instead of their own.
In Pink Drainer's case, the attackers used a wallet address with a similar identifier to one of Pink Drainer's wallets. This led to Pink Drainer mistakenly transferring 10 ETH to the fake address.
