tldr; A fake app named “WalletConnect” was downloaded over 10,000 times from Google Play, stealing around $70,000 in cryptocurrency. The app impersonated the trusted WalletConnect protocol, misleading users into linking their crypto wallets to a malicious site. This scam, exposed by Check Point Research, marks the first large-scale mobile-focused crypto scam. Google removed the app after it was reported. The incident highlights the need for vigilance in the crypto space against sophisticated cyberattacks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
1 Comment
tldr; A fake app named “WalletConnect” was downloaded over 10,000 times from Google Play, stealing around $70,000 in cryptocurrency. The app impersonated the trusted WalletConnect protocol, misleading users into linking their crypto wallets to a malicious site. This scam, exposed by Check Point Research, marks the first large-scale mobile-focused crypto scam. Google removed the app after it was reported. The incident highlights the need for vigilance in the crypto space against sophisticated cyberattacks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.