Blockchain security platform Blockaid said it has detected a new Angel Drainer lurking around web3 protocols and attempting to steal users’ funds from their wallets.
Angel Drainer is a complex of malicious codes that attack cryptocurrency wallets and decentralized finance protocols. Some believed that the scam tool had stopped working, but Blockaid Uncovered An improved version released on August 31.
The new and improved Angel Drainer, codenamed AngelX, is back with improved stealth capabilities such as advanced camouflage and new chain support for Tron (TRX) and The Open Network (TON).
Blockaid said AngelX was added to over 300 harmful decentralized applications in less than a week since its launch. Its improved design has bypassed most security vendors, achieving a 90% evasion rate, Blockaid researcher Oz Tamir told crypto.news on Sept. 5.
Blockaid detects new threat as criminal activity declines
The arrival of AngelX likely means more cryptocurrency scams and digital asset phishing campaigns in the final months of the year. However, an analysis by Chainalysis report suggests that illicit activity on Web3 decreased in the first half of 2024.
The blockchain research firm noted a 20% drop in crypto crimes so far this year, but stolen funds rose as bad actors leveraged better criminal tactics.
Hackers stealing cryptocurrencies have been… stained Using fake TikTok ads to trick job seekers. Social media pages administered by household names like McDonald’s and cryptocurrency-native companies like Polygon. kidnapped to promote memecoin scams.
Even X accounts owned by relatives of former US President Donald Trump were not spared from the hacking avalanche, as crypto.news points out. reported.
As hackers find new methods to bypass web3 security systems, industry participants have banded together to protect themselves from cyber siege.
DeFi initiatives like SEAL 911, a group of white hat security veterans, launched a first-response Telegram bot to assist protocols and hack victims. Giants like Coinbase have also formed security alliances to create a database of information to prevent future incidents.
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