Angel Drainer Phishing App Reportedly Shuts Down Amidst Investigation

IconCryptoNewsTerminal Staff16 Jul, 2024

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Angel Drainer Phishing App Reportedly Shuts Down Amidst Investigation

Angel Drainer, the infamous cryptocurrency phishing app, has allegedly closed down, according to Cointelegraph. This development follows the recent announcement by blockchain security firm Match Systems that they had identified key leads to expose the identities of Angel Drainer's creators. However, Match Systems has not publicly revealed their identities. Angel Drainer is believed to have stolen a staggering $25 million from nearly 35,000 victims earlier this year. The news of its shutdown comes as a relief to the cryptocurrency community and serves as a reminder to be vigilant against such malicious applications.

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