According to Foresight News, blockchain security company Match Systems released a report on July 16 saying that the crypto phishing app Angel Drainer has been shut down after its developer's identity may have been exposed.

The Drainer program allows scammers to trick users into authorizing tokens and easily steal cryptocurrency. Previously, Blockaid reported that phishing scammers used Angel Drainer to steal more than $25 million from 35,000 users.