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It appears that crypto scammers have devised new techniques to dupe the harmless. Solana (SOL) pockets drainers try their greatest to look authentic and reliable so even those who’ve stayed alert towards these scams could be focused. Recently, these fraudsters have created self-importance addresses to advertise their legitimacy and leverage earnings from the Solana neighborhood.

What Is Wallet Drainers’ New Strategy?

According to a submit on X by Scam Sniffer, a platform that reveals Web3 scams, drainers focusing on the Solana ecosystem are producing self-importance addresses that finish with ‘11111’. The submit learn, “Solana wallet drainers are now creating vanity addresses that end in ‘11111’ to appear trustworthy.” To show the declare, Scam Sniffer hooked up a snapshot whereby the pockets deal with, eWxJC…11111, was highlighted.

This replace comes after these scammers prolonged their method into the Ethereum (ETH), Solana, and Tron (TRX) ecosystems. Earlier, Coingape reported that crypto pockets drainers have been participating in an airdrop rip-off. In a current submit on X, Scam Sniffer unveiled that these fraudsters have expanded their attain into ETH, SOL, and TRX communities.

The faux airdrop was marketed as an “exclusive opportunity” for crypto fans. Moreover, the airdrop rip-off aimed to lure individuals into connecting their wallets to obtain ETH, SOL, and TRX rewards.

Given the recognition and popularity of those crypto networks, it may be estimated that a number of individuals may have been victims of the phishing rip-off. Moreover, now the scenario has worsened since crypto hackers aren’t leaving any alternative to model themselves as ‘legitimate’.

Also Read: Scam Alert: Crypto Hackers Lure Ethereum, Solana & Tron Communities Into Fake Airdrop

Over $900K Solana Lost In Wallet Drainer Scams

On January 3, 2024, Mandiant’s X account was compromised, resulting in the distribution of hyperlinks to a cryptocurrency drainer phishing web page. The cybersecurity agency reclaimed entry to the account inside just a few hours. Thereafter, the corporate launched data relating to the CLINKSINK drainer used within the assault.

According to Mandiant’s report, since December 2023, a number of scammers have employed the CLINKSINK drainer in campaigns focusing on Solana customers. These drainers acted as scripts or sensible contracts and exploited victims by tricking them into approving transactions. This leads to huge fund or token losses.

The launch famous that recognized campaigns concerned 35 affiliate IDs related to a drainer-as-a-service (DaaS). The DaaS operators provide scripts to associates for a 20% share of stolen funds. Furthermore, the greater than $900,000 value of SOL has been misplaced in such Solana scams

In noticed campaigns, the crypto scammers utilized social media and chat apps like X and Discord to distribute CLINKSINK-themed phishing pages, luring victims with faux token airdrop rewards. These pages mimicked authentic cryptocurrency sources like Phantom and DappRadar. Victims. Hence, the victims linked their wallets and unknowingly signed transactions for the faux airdrop, permitting the CLINKSINK drainer to siphon their funds.

Also Read: CoinGecko Hit by Phishing Scam; Users Warned of Fake Airdrop

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