Crypto Hack: Pink Drainer Falls Victim to $30,000 Crypto Scam After Retirement

In an paradoxical twist, the hacking group Pink Drainer fell victim to an address poisoning fraud, resulting in a loss of 10 Ether, equivalent to $30,000. This occurrence, comprehensive by crypto compliance platform MistTrack on July 7, highlights the relentless risks in the crypto area, even for those who commit scams themselves.

The Sting of Address Poisoning

Pink Drainer, a infamous cybercriminal group, lost 10 Ether to a fraudster’s wallet in late June after falling for a shrewd technique understood as address poisoning. In this type of rip-off, the assaulter sendsout a little quantity of cryptocurrency from a wallet with an address practically similar to the target’s, varying by just one sign.

This technique is developed to technique the target into sendingout a big amount of cash to the fraudster’s address, erroneously thinking it is their own.

How the Scam Worked

According to MistTrack, the s