Fake crypto wallet app steals money
News

Google Issues Warning Against A Fake Crypto Wallet that Steals Money

A fake app, claiming to be a crypto coin wallet was recently found stealing money

Google Issues Warning Against A Fake Crypto Wallet that Steals Money

On May 23rd, 2019, ESET Antivirus researchers reported that a Google Play Store app, using the name Trezor, claims to be a crypto coin wallet app, but is actually fake and developed with the purpose of stealing money. Google warns its 2 billion monthly users against this fake app. 

Experts at ESET have warned users about two such fake apps on Google Play that aim cryptocurrency investors.

Trezor’s page on Google Play Store might look legitimate but after it is installed, its name and icon changes from ‘Trezor’ to ‘Coin Wallet’  that starts with a generic login screen with no Trezor branding, thus spoofing for credentials.

Coin Wallet

The Coin Wallet is listed on Play Store as a crypto wallet, according to ESET. This allows this fraudulent app to steal all sensitive data.

ESET researcher, Lukas Stefanko, explains,

The app pretends to generate a unique wallet address for the user where coins can be transferred, but, in reality, it is generated by attackers and only they can access those other wallets. 

There are different wallets for different supported cryptocurrencies in total that are assigned to victims to get their money.

Some safety tips advised by ESET 

• Only trust cryptocurrency-related and other finance apps if they are linked to the official website of the service.
• Only enter your sensitive information into online forms if you are certain of their security and legitimacy.
• Keep your device updated.
• Use a reputable mobile security solution to block and remove threats.

ESET informed Google about the offending apps, which have now been removed from the Google Play Store.
 

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

News

You Can Now Play the Lottery Online on Your Phone

4 min read  

We have become used to being able to do just about anything on our phones these days. From using incredible apps to playing interesting games and enjoying countless other ways to pass the time, there is very little that we can't do on our phones now.However, there are still a few things that

News

Google's AI, Apple's Siri vs A Six-Year-Old kid! Who will Win?

4 min read  

Artificial Intelligence (AI) is something that every tech giant is talking about and people are already picturizing the doomsday. However, the AI is still not possess much intelligence that we believe, the latest studies show that Google’s AI and Apple's Siri have IQ less than a six-year-o

News

Amazon Added Groups And Routines Features To Its Alexa Android App

4 min read  

Amazon, the American e-commerce firm updated its smart assistant Android app Alexa for the Android users. The app is available for the Alexa device owners that let them control the devices via smart assistance on the phone. In order to make Alexa more intelligent and a smarter companion company adde

News

Reddit Is Rolling Out Chat Rooms To Its Users

4 min read  

Chatting is something we all cherish, and on the same lines, Reddit has something for its users. The internet’s largest forum hub is investing in ‘Chat Rooms,’ which is intended to bring the Reddit users together. As the word ‘Chat Room’ itself suggests a space where mu