{"id":230706,"date":"2024-09-05T18:40:35","date_gmt":"2024-09-05T18:40:35","guid":{"rendered":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/09\/05\/blockaid-fends-off-700k-in-losses-from-new-angel-drainer\/"},"modified":"2024-09-05T18:40:35","modified_gmt":"2024-09-05T18:40:35","slug":"blockaid-fends-off-700k-in-losses-from-new-angel-drainer","status":"publish","type":"post","link":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/09\/05\/blockaid-fends-off-700k-in-losses-from-new-angel-drainer\/","title":{"rendered":"Blockaid fends off $700k in losses from new Angel drainer"},"content":{"rendered":"


\n
<\/p>\n

\n

Blockchain security platform Blockaid said it detected a new Angel Drainer prowling web3 protocols and trying to steal user funds from wallets.<\/p>\n

Angel Drainer is a malicious code complex targeting crypto wallets and attacking decentralized finance protocols. Some believed the scam tool had stopped operating, but Blockaid discovered<\/a> an upgraded version released on Aug. 31.<\/p>\n

The new and improved Angel Drainer, codenamed AngelX, returned with improved thieving capabilities like advanced cloaking and new chain support for Tron (TRX<\/a>) and The Open Network (TON<\/a>).<\/p>\n

Blockaid said AngelX was added to over 300 harmful decentralized apps in less than a week of its launch. Its upgraded design has bypassed most security vendors, scoring a 90% evasion rate, Blockaid researcher Oz Tamir told crypto.news on Sept. 5.<\/p>\n

\n
\n
\n

1\/ \ud83d\udea8 New Threat Alert: Angel Drainer just released AngelX, the most sophisticated wallet drainer to ever hit web3. In just six days, Blockaid already prevented $700,000+ in potential losses.<\/p>\n

Here\u2019s what you need to know \ud83e\uddf5 pic.twitter.com\/zvUdNJju8z<\/a><\/p>\n

\u2014 Blockaid (@blockaid_) September 5, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Blockaid spots new threat as criminal activity dips<\/h2>\n

AngelX\u2019s arrival likely means more crypto scams and digital asset phishing campaigns in the year\u2019s final months. However, a Chainalysis report<\/a> suggests illicit web3 activity declined in H1 2024.<\/p>\n

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.\u00a0<\/p>\n

Hackers pilfering cryptocurrencies have been spotted<\/a> using fake TikTok ads to deceive job hunters. Social media pages managed<\/a> by household names like McDonald\u2019s and crypto-native firms like Polygon were hijacked<\/a> to promote memecoin scams.<\/p>\n

Even X accounts owned by the family members of former U.S. President Donald Trump were not spared by the hacking onslaught, as crypto.news reported<\/a>.<\/p>\n

As hackers find new methods to circumvent web3 security systems, industry participants have joined hands to ward off the cyber siege.<\/p>\n

DeFi initiatives like SEAL 911, a roster of white hat security veterans, launched a first-responder Telegram bot to aid protocols and hack victims. Giants like Coinbase have also formed security alliances to create an information database to prevent future incidents.<\/p>\n<\/div>\n