Blockchain Gaming
Crypto Phishing App Angel Drainer Shut Down by Developers
Wednesday. July 17 at 1:30 PM
1 min. readThe notorious crypto phishing app Angel Drainer has been closed down by its creators after potential identification, as reported on July 16 by blockchain security firm Match Systems. Security experts attribute over $25 million in crypto losses to Angel Drainer's phishing scams. Drainer programs enable scammers to drain crypto wallets by deceiving users into approving tokens. These scammers often receive a share of the stolen funds. Match Systems revealed progress in uncovering the developers' identities, leading to Angel Drainer's suspension. Other drainer apps like Pink Drainer and Violet Drainer have also ceased operations due to increased difficulty in scamming users. This incident highlights the ongoing battle against crypto scams and the importance of vigilance in the digital asset space.