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The owner of Chainlink (LINK) tokens lost assets worth $4.4 million due to a hacker attack by a group known as Pink Drainer. According to available information from Scam Sniffer, attackers tricked the user into signing a transaction related to the IncreaseAllowance function. Immediately after this, the victim lost 275,700 LINK through two transfers. another victim lost $4.4 million worth of LINK to phishing scams about 2 hours ago.https://t.co/B4Z3yWrH7e https://t.co/6n6m0lZQK4 pic.twitter.com/6zSWTp8G6d — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 29, 2023 The IncreaseAllowance function allows you to determine the number of tokens the user allows another wallet to transfer from his address. Subsequently, 68,925 tokens were transferred to a crypto wallet, which Etherscan labels as “PinkDrainer: Wallet 2.” The remaining 206,775 LINK were sent to another address. Representatives of the Scam Sniffer platform confirmed that the theft of assets is related to the...

A report submitted to the United Nations found North Korean cyber attacks have become vastly more sophisticated and raked in more crypto than ever before. A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far. The UN report , seen by Reuters, was report edly submitted to a 15-member North Korea sanctions committee last week. It found North Korean-linked hackers were responsible for between $630 million and more than $1 billion in stolen crypto assets last year and targeted networks of foreign aerospace and defense companies. The UN report also noted that cyber attacks were more sophisticated than in previous years, making tracing stolen funds more difficult than ever. "[North Korea] used increasingly sophisticated cyber techniques both to gain access to digital networks involved in cyber finance, and to steal information of potential value, including to its weapons programmes,” according to independen...