1. Return of the Angel Drainer Phishing Toolkit in a New Form
2. Enhanced Phishing Tools: UX and Control Panel
3. Deepfake Video Scams: A Threat to Crypto Investors

In 2024, cybercriminals have increasingly turned to sophisticated tools such as AI-powered deepfakes and advanced phishing kits to target cryptocurrency users. Recent reports from cybersecurity firms Gen Digital and Blockaid reveal a surge in scams using deepfake videos of prominent figures and the revamped phishing toolkit AngelX.

Return of the Angel Drainer Phishing Toolkit in a New Form

The notorious crypto phishing toolkit Angel Drainer has resurfaced in a more dangerous and sophisticated form, now branded as AngelX. According to a recent report by blockchain security firm Blockaid, AngelX has already deployed hundreds of malicious decentralized applications (DApps) designed to steal digital assets from unsuspecting crypto users. Since its launch on August 31, 2024, AngelX has conducted over 150 new phishing scams, raising concerns among blockchain security experts and crypto enthusiasts. AngelX primarily targets users on blockchains like The Open Network (TON) and Tron, which are deemed to have weaker security infrastructures.

Enhanced Phishing Tools: UX and Control Panel

The new AngelX phishing toolkit includes an upgraded user experience (UX) and an advanced control panel for scammers. This allows the creation of targeted phishing apps aimed at specific blockchains, easily deploying them across multiple platforms. The enhanced toolkit enables scammers to craft highly effective campaigns, tricking users into giving token approvals, allowing scammers to drain their wallets. Fortunately, early detection of the AngelX system by Blockaid helped safeguard approximately $400,000 worth of assets in the first five days of its activity.

Deepfake Video Scams: A Threat to Crypto Investors

In the second quarter of 2024, cybercriminals ramped up their use of AI technology to carry out sophisticated scams targeting cryptocurrency holders. According to Gen Digital, a group dubbed CryptoCore actively uses deepfake videos to deceive investors. These videos manipulate images of notable figures such as Elon Musk and Vitalik Buterin, convincing viewers to invest in fraudulent schemes. Gen Digital reports that hackers take over popular social media accounts to broadcast deepfake videos, increasing their reach and credibility.

The rising threat of cybercrimes in the crypto space underscores the importance of enhanced security and user awareness. Implementing robust security tools and educating users on safety best practices can help protect assets from increasingly sophisticated phishing schemes.