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. 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.”