A fake wallet app on the Google Play Store managed to steal over $70,000 worth of cryptocurrency during a four-month phishing campaign.
This malicious app impersonated WalletConnect, a legitimate tool used to authorize crypto transactions.
By mimicking the real service, it tricked users into authorizing transfers from their crypto wallets.
The app was downloaded around 10,000 times, with 150 victims falling for the scam before Google finally removed it from the Play Store.
This attack highlights ongoing security concerns in the cryptocurrency space, particularly around phishing schemes and fake apps targeting unsuspecting users.
Itâs a reminder to double-check the authenticity of any app before downloading it, especially when dealing with financial transactions.
For those using WalletConnect or similar services, always ensure youâre interacting with the official app or website.
For those using WalletConnect or similar services, always ensure youâre interacting with the official app or website.
