IT security firm Check Point Research has discovered a malicious crypto wallet app on the Google Play store that utilized advanced techniques to steal over $70,000 in five months. Disguised as the popular WalletConnect protocol, the app targeted mobile users through fake reviews and branding, accumulating over 10,000 downloads. While some users were scammed, others avoided it by not connecting a wallet or recognizing the scam. The app, initially named 'Mestox Calculator,' evaded detection for months before being removed. By tricking users into connecting their wallets and granting permissions, the app transferred assets to the attacker's address. This incident underscores the need for improved app store verification processes and user education on crypto risks. The crypto community must remain vigilant against such sophisticated cyber threats. Read more AI-generated news on: https://app.chaingpt.org/news