deceptive app

A fraudulent application named WallConnect, posing as the legitimate WalletConnect, has been available on Google Play for five months, accumulating over 10,000 downloads. The app misled users by claiming to be a Web3 tool for cryptocurrency wallet interactions. It utilized fake user reviews to enhance its visibility and ranking. Upon installation, users were redirected to a malicious website to authorize transactions, leading to unauthorized access and theft of sensitive wallet information and digital assets. Researchers identified at least 150 victims who lost over ,000 in total, with only 20 leaving negative reviews. Check Point reported the app to Google, resulting in its removal from the store.