Fake cryptocurrency Wallets Apps on Google Play Steal User Credentials and Mimic as Legitimate Wallets

Fake cryptocurrency wallet apps in Google play aimed at stealing user credentials or impersonate as cryptocurrency wallets.

Security researcher Lukas Stefanko discovered four such fake apps in Google play that mimics the legitimate services including NEO, Tether, and MetaMask.

Fake cryptocurrency wallet apps Functionality

Among the four fake apps, MetaMask app poses a fake request form to steal user private key and wallet password.

Other three apps trick the user’s by generating public address and private key. If user’s try to generate public address and private key the malicious shows only the attacker’s public address.

If user’s deposit funds to that address they then it is not possible to withdraw it without the private key.

Stefanko tested the app by creating multiple accounts and he got the same public address, including the QR code. He posted a video with the detailed code analysis. That app’s found built in Drag-n-Drop builder service without any coding knowledge.

Common Tips to Catch Fake Android App

Look at the publish date. A fake app will have a recent published date.
Do a little research about the developer of the app you plan to install.
Very important – read all app permissions carefully.

Common Defences On Mobile Threats

Give careful consideration to the permission asked for by applications.
Download applications from trusted sources.
Stay up with the latest version.
Encrypt your devices.

Also Read

Stop DDoS Attacks In 10 Seconds – Organization’s Most Important Consideration for DDOS Attack Mitigation

DDoS Attack Prevention Method on Your Enterprise’s Systems – A Detailed Report

Gurubaran

Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Recent Posts

Hackers Exploiting DNS Poisoning to Compromise Active Directory Environments

A groundbreaking technique for Kerberos relaying over HTTP, leveraging multicast poisoning, has been recently detailed…

1 hour ago

New Android Malware Exploiting Wedding Invitations to Steal Victims WhatsApp Messages

Since mid-2024, cybersecurity researchers have been monitoring a sophisticated Android malware campaign dubbed "Tria Stealer,"…

1 hour ago

500 Million Proton VPN & Pass Users at Risk Due to Memory Protection Vulnerability

Proton, the globally recognized provider of privacy-focused services such as Proton VPN and Proton Pass,…

1 hour ago

Arcus Media Ransomware Strikes: Files Locked, Backups Erased, and Remote Access Disabled

The cybersecurity landscape faces increasing challenges as Arcus Media ransomware emerges as a highly sophisticated…

2 hours ago

Hackers Impersonate Top Tax Firm with 40,000 Phishing Messages to Steal Credentials

Proofpoint researchers have identified a marked increase in phishing campaigns and malicious domain registrations designed…

2 hours ago

Cybercriminals Exploit Public-Facing IIS, Apache, and SQL Servers to Breach Gov & Telecom Systems

A recent investigation by Unit 42 of Palo Alto Networks has uncovered a sophisticated, state-sponsored…

2 hours ago