Category: Forex News

Pink Drainer Dominates Spark with 12 Million DAI Stakes

By Published On: March 27, 20241.3 min readViews: 1590 Comments on Pink Drainer Dominates Spark with 12 Million DAI Stakes

In the realm of decentralized finance (DeFi), the notorious hacking group Pink Drainer has risen, causing havoc. PeckShield’s probes uncovered startling findings: Pink Drainer-controlled wallets injected 12 million DAI into the Spark DeFi lending platform, granting them substantial influence within the sDAI ecosystem.

Pink Drainer operates as a nefarious Scam-as-a-Service provider, raking in over $50 million in ill-gotten gains over the past two years alone. Utilizing sophisticated phishing tactics, they’ve targeted big names like MicroStrategy, Ethereum’s Vitalik Buterin, and OpenAI’s Mira Murati, leaving victims reeling from significant losses.

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Their cunning extends to leveraging platforms like MakerDao for money laundering, as highlighted by Mist Track’s recent findings.

Notorious for their audacious exploits, Pink Drainer orchestrated a heist of $4.4 million worth of Chainlink’s LINK tokens, leaving victims stunned by their swift execution.

But Pink Drainer isn’t alone in this sinister landscape. Wallet drainers like Inferno Drainer, Pussy Drainer, and Venom Drainer have collectively siphoned over $295 million from a staggering 324,000 victims, according to Scam Sniffer’s report. 

Despite efforts to curb their activities, these entities continue to pose a grave threat to the DeFi community, leaving investors on edge and authorities scrambling to contain the damage.

Also Read: Layerswap Override ‘Layerswap.io’ Hack that Drained $100K






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