- Upgraded Threat Capabilities
- Enhanced Features and Evasion Tactics
- A Brief History of Angel Drainer
The notorious phishing toolkit, Angel Drainer, resurfaced with a revamped version called AngelX. According to recent reports by blockchain security firm Blockaid, AngelX has already made a disturbing impact by deploying over 300 malicious decentralized applications (dApps) within just four days of its launch.
Upgraded Threat Capabilities
Launched on August 31, AngelX represents a significant upgrade from its predecessor. The new version has been designed to exploit newer and less secure blockchains, such as The Open Network (TON) and the Tron network.
Enhanced Features and Evasion Tactics
AngelX boasts an improved user experience (UX) and control panel, which enable scammers to create highly customizable and sophisticated malicious dApps. One of the most concerning features of AngelX is its high evasion rate, according to Blockaid. Many of the malicious dApps developed using AngelX have successfully evaded detection by other security tools, complicating efforts by security professionals to identify and address these threats. Since its launch, Blockaid has detected around 150 new scams associated with AngelX.
A Brief History of Angel Drainer
The original Angel Drainer, which was linked to over $25 million in stolen crypto assets, had reportedly ceased operations on July 16 after its developers’ identities were potentially uncovered. This shutdown was perceived as a victory in the battle against phishing scams. However, the reemergence of Angel Drainer in the form of AngelX has reinvigorated concerns within the crypto community.
The resurgence of Angel Drainer comes at a time when phishing scams are surging. According to data from ScamSniffer, August saw nearly $63 million lost to phishing attacks, a 215% increase from the previous month.
