The notorious crypto hacking group known as Pink Drainer has wreaked havoc in the DeFi sector.
Recent findings by PeckShield reveal that Pink Drainer-affiliated addresses have staked a substantial 12 million DAI into the DeFi lending protocol Spark, constituting nearly 1.194% of the total sDAI tokens. This alarming revelation essentially means that Pink Drainer is one of the largest sDAI holders.
Pink Drainer Emerges as Major sDAI Holder
The blockchain intelligence platform’s latest data highlighted that the hacking group’s impact extends far beyond mere holdings. Operating as a Scam-as-a-Service provider, Pink Drainer has stolen over $50 million worth of crypto assets within the past two years alone.
MistTrack also echoed a similar sentiment last week when it revealed that the Pink Drainer was gradually leveraging MakerDao to launder their illicit gains.
In fact, Pink Drainer has leveraged sophisticated phishing tactics to target prominent entities like MicroStrategy, resulting in
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