Angel Drainer Shuts Down After “De-anonymization” of Members

Notorious crypto phishing service Angel Drainer retires after stealing $25 million from thousands of users.

Glitching angel in the turning off clouds.
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  • Angel Drainer has reportedly suspended its services.
  • The crypto phishing service has retired after facilitating the theft of millions.
  • Some developers behind the service have been “de-anonymized.”

Infamous crypto phishing software Angel Drainer has reportedly shut down after its developers were potentially identified by security experts.

The Drainer-as-a-Service (DaaS) platform emerged around August last year. It offers advanced tools and services against a 20% cut and an initial deposit of between $5000 and $10000 from its affiliates.

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Blockchain security firm Blockaid reported on February 5 that scammers had leveraged the crypto drainer to steal over $25 million from 35,000 digital asset users.

Angel Drainer Suspends Its Operations

In an X post on July 16, Match Systems announced that it was actively investigating the thefts involving Angel Drainer and had “made progress in identifying the individuals behind this group.” The post urged victims to come forward for assistance and further investigation.

About four hours later, the cybersecurity research team at Match Systems issued another update, noting that the notorious crypto drainer service had suspended its operations.

“Two hours after our publication about the de-anonymization of Angel Drainer members, their telegram channel reported that Drainer was suspended,” the team wrote. “We continue to accumulate data and work to identify the remaining identities involved in this criminal gang.”

While it’s unclear whether Match Systems reported the “de-anonymized” developers to law enforcement as it continues with the investigation, Angel Drainer retires after allegedly facilitating high-profile heists like Ledger Connect Kit and Restake Farming attack.

Notably, it isn’t the only crypto drainer service to fall in the recent past. Pink Drainer announced the suspension of its services on May 17, barely a month after Blockaid reported that Violet Drainer had also shut down.

Read about the recent phishing attacks targeting TON users:
SlowMist Flags Escalated Phishing Attacks in the TON Ecosystem

Stay updated on the $10M LI.FI protocol hack:
LI.FI Hack Steals $10 From Users: How to Protect Your Funds

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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