AngelX Phishing Toolkit Targets Crypto Users With New Malicious Apps

According to Cointelegraph, the infamous crypto phishing toolkit Angel Drainer has resurfaced with an enhanced version named AngelX. Blockchain security firm Blockaid reported that AngelX has already deployed 300 malicious decentralized applications (DApps) aimed at stealing digital assets from cryptocurrency users. Blockaid highlighted that one of the alarming features of AngelX is its improved support for phishing apps targeting users on newer and less mature blockchains, such as The Open Network (TON) and Tron network. These blockchains are perceived as less equipped to defend against attacks due to a lack of robust security tools and support. The firm also noted the detection of over 150 new scams powered by the AngelX system since its launch on August 31. Blockaid emphasized that the new AngelX system has a high evasion rate, allowing many of its malicious apps to go undetected by other security vendors in the crypto space. Additionally, AngelX features an upgraded user experience (UX) and control panel, enabling scammers to create highly customizable scam apps across a broader range of blockchains. Blockaid's early detection of the AngelX system helped safeguard approximately $400,000 in assets that could have been misappropriated within the first five days of its operation. The original Angel Drainer toolkit had reportedly wound down most of its operations on July 16 after its developers realized their identities might have been compromised. Security analysts estimate that around $25 million in crypto assets have been stolen through Angel Drainer-powered phishing scams. Drainer toolkits are applications that allow phishing scammers to easily drain the wallets of crypto users by tricking them into accidentally making token approvals. Typically, these drainers are provided to scammers in exchange for a portion of the stolen assets.