According to CryptoPotato, the infamous scam-as-a-service group known as 'Pink Drainer' has reportedly fallen victim to a similar scam it once perpetrated. The group, which has been linked to numerous wallet-draining schemes, lost approximately $30,000 worth of Ethereum due to an 'address poisoning' scam on July 7. This type of scam involves targeting pairs of addresses that frequently interact with each other and 'poisoning' the transaction history of one of them by sending a small amount of cryptocurrency from an address that closely resembles the victim's usual contact. The victims then unknowingly transfer funds to the familiar address by copying the 'poisoned' string of characters, thereby misplacing the funds for the criminals' benefit.
This method is ironically similar to the tactics Pink Drainer was known for using against others. The news of Pink Drainer falling victim to such a scam comes nearly two months after the group announced it was shutting down its operations. According to on-chain investigator ZachXBT, the developers of Pink Drainer had released a statement saying they had achieved their goal and would retire, and that all stored information would be securely destroyed. Data compiled by Scam Sniffer and Dune Analytics revealed that Pink Drainer had stolen approximately $85.3 million worth of funds from 21,131 victims.