when

The notorious phishing toolkit, Angel Drainer, resurfaced with a revamped version called AngelX.&nbsp;
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.
<h2 dir="ltr" id="span-span-upgraded-threat-capabilities-span-span">Upgraded Threat Capabilities</h2>
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.
&nbsp;
Blockaid argues that these blockchains are perceived as less equipped to defend against phishing attacks due to their relatively nascent security tools and infrastructure.
<blockquote>
 “AngelX targets newer blockchains that are not yet fortified with robust security measures,” Blockaid told CoinTelegraph.&nbsp;
</blockquote>
This reportedly makes these networks attractive targets for phishing schemes that leverage AngelX's advanced capabilities.
<h2 dir="ltr" id="span-span-enhanced-features-and-evasion-tactics-span-span">Enhanced Features and Evasion Tactics</h2>
AngelX boasts an improved user experience (UX) and control panel, which enable scammers to create highly customizable and sophisticated malicious dApps. This upgraded interface facilitates the development of tailored phishing applications that can easily bypass existing security measures.
&nbsp;
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.&nbsp;
&nbsp;
Since its launch, Blockaid has detected around 150 new scams associated with AngelX.
<h2 dir="ltr" id="span-span-a-brief-history-of-angel-drainer-span-span">A Brief History of Angel Drainer</h2>
The original Angel Drainer, which was linked to over&nbsp;<a style="text-decoration:none" href="https://x.com/blockaid_/status/1754589237956292786" rel="noopener noreferrer nofollow">$25 million</a> 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.&nbsp;
&nbsp;
However, the reemergence of Angel Drainer in the form of AngelX has reinvigorated concerns within the crypto community.
&nbsp;
The earlier version of Angel Drainer was notorious for draining crypto wallets by deceiving users into approving fraudulent token transactions. The toolkit's developers seemed to have ceased operations after facing mounting scrutiny and user complaints about malfunctions.
&nbsp;
The resurgence of Angel Drainer comes at a time when phishing scams are surging. According to&nbsp;<a style="text-decoration:none" href="https://x.com/realscamsniffer/status/1830848218399379624?s=46&amp;t=nznXkss3debX8JIhNzHmzw" rel="noopener noreferrer nofollow">data from ScamSniffer</a>, August saw nearly $63 million lost to phishing attacks, a 215% increase from the previous month.&nbsp;

Angel Drainer Resurfaces: New Phishing Toolkit AngelX Deploys 300+ Malicious dApps

Table of Contents

BSCN

Other articles published on Sep 16, 2024

Solana Memecoin Trump vs China (TRUMPCHI) to Skyrocket Over 12,000% Before Exchange Listing, As D...

Coinpedia Fintech News

61% Ethereum (ETH) Holders in Profit Amid Strong Bearish Pressure

Ether.Fi Partners with Scroll to Launch Crypto-Backed Visa Credit Card

Ethereum Whale Resurfaces After Eight Years

Is It Too Late To Buy CKB? Nervos Network Price Surges 91% In A Week And This Solana GambleFi Tok...

Join our free newsletter for daily crypto updates!