The hacking group Pink Drainer has struck again. This time, he stole $4.4 million from just 1 victim. The notorious crypto hacking group has had more than 9,000 victims this year. They stole over $18 million from victims. Elsewhere, Canadian cryptocurrency exchange Catalyx halted all transactions following a security breach.
The notorious hacker group stole 275,700 LINK!
cryptokoin.comAs you can see from , hacking incidents have become almost commonplace in the crypto world. The cryptocurrency hacking group known as “Pink Drainer” is also among the pioneers of these attacks. Pink Drainer has now tricked a victim into signing the “Increase Approval” function. Thus, he managed to steal a huge chunk of Chainlink (LINK) worth $4.4 million from a single victim. According to on-chain data, the victim said goodbye to a total of 275,700 LINK (currently worth $4.33 million) in two transactions within one minute of signing the “Increase Approval” transaction.
Hackers transferred approximately 68,925 LINK to a wallet labeled “PinkDrainer” on Etherscan. They also sent 206,775 LINK to an address ending in “E70e”. Cryptocurrency security firm Scam Sniffer has confirmed that the latest theft is related to Pink Drainer. But he said it remained unclear how the victim interacted with the phishing website. Scam Sniffer stated that it detected at least 10 Pink Drainer scam sites in the last 24 hours. “This is a typical attack where the victim has a lot of assets,” the firm added.
Blockchain researcher ZachXBT revealed that the stolen funds have since been sold for Ethereum. He also stated that it is currently being cleared through the “instant cryptocurrency exchange” eXch.
Canadian cryptocurrency exchange Catalyx has stopped all transactions
Calgary-based CataX CTS Ltd., which operates the cryptocurrency trading platform Catalyx. The company announced Thursday that the exchange was recently affected by a security breach. That’s why he announced that the exchange suspended trading and fund withdrawals. The suspension follows a cease-and-desist order issued by the Alberta Securities Commission against the company and co-founder Jae Ho Lee on Dec. 21.
The security breach also led to the loss of some cryptocurrency assets of Catalyx customers. Thereupon, the company launched an investigation on suspicion that an employee was involved in the incident. Meanwhile, CataX did not disclose the exact amount of losses. CataX said global financial auditing firm Deloitte LLP “will provide forensic and investigative services to the company” in its review of the incident. In its statement, the company stated that it plans to update its users after Deloitte completes the investigation.
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