As a seasoned crypto investor with over a decade of experience navigating the digital asset landscape, I can confidently say that the latest developments surrounding Angel Drainer and its new iteration, AngelX, have me on high alert. My wallet has weathered numerous market storms and cyber threats, but the sophistication and resilience of these malicious codes never cease to amaze me.
According to the blockchain security platform, Blockaid, they’ve spotted an entity named Angel Drainer lurking within web3 protocols with the intention of swiping users’ funds from their digital wallets
The Angel Drainer, a harmful software, focuses on infiltrating cryptocurrency wallets and disrupting decentralized financial systems. It was thought that this fraudulent device had ceased functioning, but Blockaid uncovered a revised edition that went live on August 31st
The upgraded version of the Angel Drainer, known as AngelX, has made its return, boasting enhanced stealing abilities such as advanced disguise and additional linkage for Tron (TRX) and The Open Network (TON)
According to Blockaid’s researcher Oz Tamir, who spoke with crypto.news on September 5, AngelX was swiftly integrated into more than 300 potentially harmful decentralized applications within a week of its debut. Remarkably, its enhanced design has managed to bypass most security providers, achieving an impressive evasion rate of 90%
/ Urgent Notice: The latest threat, Angel Drainer, has launched AngelX – a highly advanced wallet-draining tool for web3. In less than a week, Blockaid successfully prevented over $700,000 in potential losses.
Here’s what you should be aware of 🧵
— Blockaid (@blockaid_) September 5, 2024
Blockaid spots new threat as criminal activity dips
A Chainalysis report is a statistical analysis of all transactions on a given month. It examines the transactions that took place between January and March in a given year. It also looks at the digital assets that were created or modified during that time period
The blockchain research firm noted a 20% drop in crypto crime year-to-date, but stolen funds increased as bad actors leveraged better criminal tactics.
Cybercriminals stealing digital currencies have been found utilizing false TikTok advertisements to trick job seekers. The profiles of well-known brands such as McDonald’s and companies specialized in cryptocurrency like Polygon were taken over to advertise scams involving meme coins
As a crypto investor, I’ve learned that no one is immune to cyber threats, even those with high-profile connections like the family members of former U.S. President Donald Trump. According to recent reports from crypto.news, their accounts were among those targeted in the recent hacking attacks. This serves as a stark reminder for all of us to prioritize security measures to protect our digital assets
In response to hackers constantly developing ways to bypass web3’s protective measures, various players within the industry are collaborating to strengthen their defenses against these persistent digital attacks
In simpler terms, DeFi initiatives such as SEAL 911, made up of experienced cybersecurity professionals, introduced a Telegram bot for emergency assistance, helping both protocols and victims of hacking. Major players like Coinbase have also established security partnerships to create a database aimed at preventing similar occurrences in the future
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2024-09-05 22:06