A fraudulent cryptocurrency wallet app on Google Play, named WalletConnect, has reportedly stolen $70,000 from users in a sophisticated scam that exclusively targeted mobile users—a world-first of its kind.
The app mimicked the reputable WalletConnect protocol but was actually designed to drain crypto wallets.
According to Check Point Research (CPR), the cybersecurity firm that uncovered the scam, over 10,000 users were tricked into downloading the deceptive app.
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