Pink Drainer Strikes Once more, Steals $4.42M in Chainlink (LINK) Heist

• Crypto hacking group “Pink Drainer” steals 275,700 LINK tokens, valued at $4.42 million, by way of a phishing assault.
• The sufferer clicked on a phishing hyperlink, deceived into signing an “Improve Approval” transaction.
• Pink Drainer’s year-long spree consists of $18.6 million stolen from over 9,000 victims, with a file theft of $1.38 billion on July 19, 2023.

The infamous crypto hacking group generally known as “Pink Drainer” has left one other sufferer in its wake, stealing a staggering $4.42 million in Chainlink (LINK). The sufferer, who fell prey to a complicated phishing assault, was drained of a complete of 275,700 LINK tokens in two swift transactions.

On-chain analyst Lookonchain reported the incident, citing that the sufferer, whose id stays confidential, inadvertently clicked on a phishing hyperlink. Deceived into signing an “Improve Approval” transaction, the investor watched helplessly as 275,700 LINK, valued at $4.42 million, was siphoned off by malicious actors.

The stolen belongings have been distributed with 68,925 LINK transferred to a pockets recognized as “PinkDrainer: Pockets 2,” and the remaining 206,775 LINK despatched to an tackle ending with “Fake_Phishing269918.

The sufferer, who had been accumulating LINK since June 7, 2022, managed to amass a considerable holding of 290,750 LINK tokens, equal to $2.26 million at a mean worth of $7.8. On the time of the incident, with the worth of LINK hovering round $16, the worth of his holdings had appreciated to a formidable $4.66 million, leading to a revenue of practically $2.4 million.

All year long, Pink Drainer has been making headlines for its involvement in a collection of Discord and Twitter hacks. Knowledge from Dune Analytics reveals that as of December 19, Pink Drainer has efficiently stolen a complete of $18.6 million from greater than 9,000 victims. The best stolen quantity recorded was final July 19, 2023, valued at $1.38 million.