The Pink Drainer hackers have announced that they will cease operations

-

Hackers from the Pink Drainer group announced the termination of their activities due to the successful implementation of a plan to steal $85 million in cryptocurrency. The infrastructure used for the attacks will be destroyed, the group promised.

Security experts at the MistTrack platform said that criminals are now actively moving stolen assets by converting to MakerDAO (DAI) tokens.

Pink Drainer participants provided other criminals with tools to steal cryptocurrencies through social engineering and the distribution of phishing links. As payment, the developers received commissions and interest on the stolen assets.

The representatives of the group emphasized that they do not intend to return the stolen funds and thanked the criminal community for their trust and respect.

Cybercriminals believe that their departure will not change the situation for the better in terms of security in the market of digital assets, users will continue to believe fraudsters, investing in scam projects. According to MistTrack platform specialists, Pink Drainer was involved in the attack on creditors of the failed cryptocurrency exchange FTX, BlockFi for $5 million, as well as the theft of $4.4 million from one of the holders of LINK tokens. According to the ScamSniffer portal, more than twenty thousand people became victims of the attackers.

Comments

Post a Comment

Popular posts from this blog

New cryptocurrency security technologies

-
Image
Hacking of blockchain platforms is a growing concern in the digital community. According to Immunefi, a company specializing in cryptocurrency network security, hackers withdrew over $200 million from 32 projects in the first 2 months of 2024. That's 15.4% more than in January and February 2023. The total damage from exploits last year amounted to $1.8 billion. To ensure the security of cryptocurrency platforms, developers are constantly improving technologies. Main risks in the cryptocurrency market Investing in digital currency attracts high returns. Therefore, there are many dangers in the cryptocurrency market. Analysts combine the risks into several groups: Vulnerabilities in cryptocurrency wallet security systems. Private keys, which are 256-bit code, securely guard access to vaults. It would take attackers millions of years to crack them. Wallets become vulnerable due to bugs in the program and user errors. Phishing attacks. Attackers often use fake emails on beh
Read more

The most unprofitable cryptocurrencies (ADA, MATIC, AVAX)

-
Image
According to IntoTheBlock , over 90% of Cardano, Polygon and Avalanche cryptocurrency holders are in a losing position. Cardano (ADA) IntoTheBlock data shows that 95% of Cardano (ADA) investors have remained in a loss. At the same time, 4% of holders find themselves in a break-even position, and early Cardano holders stopped receiving income at all (0%). The majority of ADA holders, over 60%, are long-term holders who have owned Cardano cryptocurrency for a year or more. Polygon (MATIC) 96% of Polygon (MATIC) holders are in minus. 0% of Polygon investors have a breakeven position. Only 4% of early MATIC holders are making a profit on their investment in the asset. 59% of holders have kept their crypto assets for more than a year. According to IntoTheBlock, 85% of Polygon's traded shares are in the hands of large holders, and none of the investors are getting returns from investing in MATIC. Avalanche (AVAX) Avalanche (AVAX) ranks 19th in market capitalization, accordi
Read more

Bitcoin's bearish trend: why cryptocurrencies have fallen in price so sharply

-
Image
Crypto markets have finally come around: in recent weeks, a change in the price of major cryptocurrencies by even 5% was far from a frequent occurrence. But over the past seven days, the value of bitcoin has plummeted by more than 10%. Bitcoin After several weeks of low volatility, when the price of bitcoin practically did not change, the value of the first cryptocurrency collapsed by 10% at once. Almost the entire week was spent in the red zone, and the biggest fall was on Thursday, August 17, when BTC fell by more than 7%. The first negative factor of such dynamics of the world's first cryptocurrency by capitalization was the news that Elon Musk's company Space X sold its savings in BTC in the amount of $373 million. The amount itself is significant, so even private investors, having learned about the sale, could quickly get rid of their bitcoins in a panic. Another catalyst for negative dynamics could be the publication of the minutes of the July meeting of the Federal
Read more