1. Home
  2. angel drainer

angel drainer

Angel Drainer reportedly shuts down after devs potentially identified

Two hours after Match Systems claimed to have discovered the identity of Angel Drainer developers, users began complaining that the app no longer worked.

Notorious crypto phishing app Angel Drainer has reportedly been shut down by its developers after they were potentially identified, according to a July 16 report from blockchain security firm Match Systems.

Security analysts have previously blamed Angel Drainer for over $25 million in crypto losses from phishing scams.

Drainer programs are apps that allow phishing scammers to easily drain the wallets of crypto users by tricking them into accidentally making token approvals. In most cases, drainers are provided to scammers in exchange for a portion of the stolen loot the scammers acquire.

Read more

‘Time Is a Flat Circle’ – Analyst Sees Solana (SOL) Mirroring 2021 Price Action That Led to Nearly 980% Rally