fraudulent app

AppWizard
September 27, 2024
A fraudulent application named WalletConnect was discovered in the Google Play Store, designed to mislead web3 users by mimicking the legitimate WalletConnect protocol. The app, which gained over 10,000 installations, prompted users to connect their cryptocurrency wallets, leading them to authorize transactions that redirected them to a malicious website. This site collected sensitive information and executed token transfers from victims' wallets, marking the first instance of a "crypto drainer" targeting mobile device users. Despite Google Play Protect, the app remained on the Play Store for five months, resulting in approximately ,000 in stolen cryptocurrency before its removal. Users are advised to uninstall the app immediately.
Search