Hacking group Pink Drainer strikes again, pilfering $4.4M from just 1 victim

The notorious crypto hacking group has been linked to several Discord and Twitter hacks this year, stealing over $18 million from more than 9,000 victims.

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The crypto hacking group known as “Pink Drainer” has been tied to a massive $4.4 million theft of Chainlink (LINK) from a single victim — who was tricked into signing an “Increase Approval” function. 

According to on-chain data, the victim was drained of a total of 275,700 in LINK — currently worth $4.33 million — across two transactions, an within a minute of signing the “Increase Approval” transaction.

Around 68,925 LINK was transferred to a wallet labeled on Etherscan as “PinkDrainer: Wallet 2,” while another 206,775 LINK was sent to an address ending “E70e.”

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