Yes, that email is really from Paypal. And, yes, it's really malicious.
MalwareHunterTeam on X: "Another fake hacking tool / money adder: "PayPal Hacking Software 2019" Actually, it's not the usual half min and done junk, but still... And surely there are still enough
Has My PayPal Account Been Hacked? | Avast
Crooks Build Fake Hack Tools and Game Cheats for Profit
Hijacking online accounts through voicemail | Kaspersky official blog
Researcher Breaches Systems of Over 35 Companies, Including Apple, Microsoft, and PayPal - MacRumors
11+ PayPal Scams: How They Work and How to Protect Your Account
Avoiding Common Type of Scams | PayPal US
PayPal vs. Credit Card: Which Is Safer?
MalwareHunterTeam on X: "Another fake hacking tool / money adder: "PayPal Hacking Software 2019" Actually, it's not the usual half min and done junk, but still... And surely there are still enough
Hacking PayPal accounts to steal user Private data
How to Avoid Hackers When Using Venmo and PayPal
PayPal accounts breached in large-scale credential stuffing attack
Researcher Breaches Systems of Over 35 Companies, Including Apple, Microsoft, and PayPal - MacRumors
PayPal Phishing Scam Uses Invoices Sent Via PayPal – Krebs on Security
PayPal (PYPL) Stablecoin Dream Improves on Meta's Libra, Diem Nightmare - Bloomberg
Is PayPal Safe and Secure? 10 Tips for Buyers and Sellers | AVG
Hacker group urges boycott of PayPal - CNN.com
PayPal hacking: How I could have stolen money from my friend's PayPal