A scam app on the Google Play Store has been found to target web3 users by mimicking a legitimate blockchain protocol. Security researchers from Check Point Research (CPR) identified the scam, which involved an app named “WalletConnect” — deliberately designed to confuse users with the real, open-source WalletConnect protocol used for connecting decentralized apps and wallets. The app used the genuine WalletConnect logo to further deceive users, positioning itself as a solution to issues with the real protocol, such as its limited support across popular cryptocurrency wallets.

BING NEWS:
  • Uninstall Now: This Android App Is Secretly Stealing Crypto
    A fake WalletConnect app has been installed over 10,000 times on Android devices via the Google Play Store, successfully swiping over $70,000 in crypto thus far.
    09/26/2024 - 6:23 am | View Link
  • Warnings issued after world-first Google Play Store app drains $70,000 from victims
    Security researchers are sounding the alarm on a new type of scam targeting mobile users and calling for AI-driven security upgrades to protect users.
    09/26/2024 - 4:31 am | View Link
  • Victims lose $70k to one single wallet-draining app on Google's Play Store
    Attackers got 10k people to download 'trusted' web3 brand cheat before Mountain View intervened The latest in a long line of cryptocurrency wallet-draining attacks has stolen $70,000 from people who ...
    09/26/2024 - 3:08 am | View Link
  • Gaming app ‘scam’: In a 1st, ED attaches cryptocurrency worth Rs 25-cr in e-wallets of Chinese nationals
    In a bid to tighten the noose around crypto fraud, the Enforcement Directorate (ED) has for the first time attached cryptocurrencies of Chinese nationals parked in an international exchange, as part ...
    09/26/2024 - 2:44 am | View Link
  • Fake WalletConnect app on Google Play steals Android users’ crypto
    A crypto draining app mimicking the legitimate 'WalletConnect' project has been distributed over Google Play for five months getting more than 10,000 downloads.
    09/26/2024 - 2:10 am | View Link
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