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.
Scamming the fraudster
It appears like an address associated with the Pink Drainer fell victim to the address poisoning rip-off.
Pink Drainer: 0x8980ab6d185af9bcc10292d4e91ae4c0b4f14213
Real: 0xEfF0E5244d5C78Ba4DD6bc01082576280558f58A
Fake:… pic.twitter.com/1CCWTufeZv— MistTrack
(@MistTrack_io) July 7, 2024
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
