**Crypto Phishing App Angel Drainer Shuts Down After Developers Identified**

Angel Drainer, a notorious crypto phishing app, has reportedly ceased operations after its developers were potentially identified. Blockchain security firm Match Systems announced the breakthrough on July 16, urging victims to provide information to aid the investigation.

Angel Drainer has been linked to over $25 million in crypto losses from phishing scams, targeting around 35,000 users. The app allowed scammers to drain crypto wallets by tricking users into approving token transfers.

Following the announcement, Angel Drainer's Telegram channel confirmed the shutdown, with users complaining about the app's malfunction. This follows similar closures of other drainer apps like Pink Drainer and Violet Drainer earlier this year.