The infamous Angel Drainer phishing toolkit has resurfaced with an upgraded version named AngelX, which has already launched hundreds of malicious applications targeting cryptocurrency users, as reported by a leading blockchain security firm. The AngelX system has introduced around 300 decentralized applications (DApps) specifically designed to pilfer digital assets from unsuspecting victims.
One of the most concerning aspects of AngelX is its enhanced ability to target less established blockchains, such as The Open Network and Tron. These newer networks are perceived as more vulnerable to attacks due to their inadequate security measures. The security firm highlighted this flaw, emphasizing the potential risks users face on these platforms.
Since its rollout on August 31, the AngelX system has been linked to over 150 newly identified scams, showcasing its rapid proliferation. Notably, the system boasts a high evasion rate, allowing many of its malicious applications to remain undetected by conventional cybersecurity tools within the cryptocurrency space.
Additionally, AngelX comes equipped with an improved user interface and control panel, enabling scammers to customize their illegal applications across various blockchains with greater ease. This advancement has raised serious concerns among security analysts, who note that effective early detection mechanisms helped protect approximately $400,000 in assets during the first five days of AngelX’s operation.
The original Angel Drainer toolkit had reportedly halted most of its activities in July, as its developers realized their identities were at risk of being exposed. Analysts estimate that Angel Drainer phishing scams have led to the loss of approximately $25 million in stolen cryptocurrencies. These toolkits allow scammers to exploit user vulnerabilities by tricking them into granting token approvals, facilitating the unauthorized draining of their digital wallets.
