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

• Crypto hacking group “Pink Drainer” steals 275,700 LINK tokens, valued at $4.42 million, through a phishing attack.
• The victim clicked on a phishing link, deceived into signing an “Increase Approval” transaction.
• Pink Drainer’s year-long spree includes $18.6 million stolen from over 9,000 victims, with a record theft of $1.38 billion on July 19, 2023.

The notorious crypto hacking group known as “Pink Drainer” has left another victim in its wake, stealing a staggering $4.42 million in Chainlink (LINK). The victim, who fell prey to a sophisticated phishing attack, was drained of a total of 275,700 LINK tokens in two swift transactions.

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

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