Users Beware: Crypto Drainers Target Newer Blockchains Like TON and TRON
Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.
The crypto ecosystem has always been vulnerable to malicious actors looking to steal user funds.
According to a Crystal Intelligence report, nearly $19 billion worth of digital assets have been stolen over the last 13 years since June 19, 2024.
Findings also show that the cryptocurrency industry suffered 785 reported hacks and exploits during this same time period.
Our latest report shows that over 13 years, nearly $19 billion in crypto was stolen, including $6 billion from security breaches, nearly $5 billion from DeFi hacks & about $8 billion from other frauds. #blockchainintelligence #cryptohacks #cryptoscams https://t.co/g4zW2SvAzh
Unfortunately, bad actors continue to target crypto ecosystems. Yet recently, these criminals have become focused on less mature blockchain networks.
On August 31, Blockchain security firm Blockaid reported that an upgraded version of the notorious crypto phishing toolkit Angel Drainer had been released. According to Blockaid, the upgraded version of the Angel Drainer is called “AngelX.”
2/ Who’s Angel Drainer?
Angel Drainer is the notorious wallet drainer used in scams like the Ledger Connect Kit Attack. Despite reportedly shutting down, our threat intel team recently tracked down a new version that leaves no doubt – it’s back. pic.twitter.com/P85fORDITF
In February, the original Angel Drainer stole over $400,000 from 128 crypto wallets after deploying a malicious vault contract. Angel Drainer was also used in the Ledger Connect Kit Attack, where malicious code was injected into a Ledger package to target
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