One malicious application imitating the hardware wallet Trezor was found listed on the google’s play store. The investigation found that the software had ties to another faux application that has the potential to scam unsuspecting users out of their money.
While the app’s page on ‘Google Play‘ looked legitimate, the researchers aforesaid that the software itself contains no Trezor branding at all, with a pretending genuine login screen phishing for credentials.
As per ESET, over 1,000 users had downloaded one among the dodgy apps. Though it claimed to offer its users to make wallets for storing their crypto, the software was formally designed to trick them into transferring coins to addresses closely-held by the attackers.
Furthermore, the researchers warned:
“If Bitcoin [BTC] continues its growth trend, we can expect more crypto-currency scam apps to emerge within the official Android app store and elsewhere.”
Crypto-currency users are being urged to solely trust an application if the company’s official web-site links to it, always keep the devices updated and think over twice before entering into their sensitive info into on-line forms.
Trezor told the researchers that the faux application though for now failed to pose a security threat to its users, however the company aforesaid it was concerned about the e-mail addresses that have been collected through the software as it could be used for phishing attempts within the future. Google Play has since removed the apps from its marketplace.
Last year, ‘Trezor‘ issued a warning to users when fraudsters began to form fake versions of its crypto hardware wallets.
Even earlier in the month of November last year, malware investigator ‘Lukas Stefanko’ found 4 faux crypto wallets on the Google ‘Play Store‘ that were posting as official softwares for Neo [NEO], Tether [USDT] and metamask.