The software, called Bitcoin Collector, is being marketed on a web-site that purportedly permits users to share a unique URL with their friends with payouts of about 3 Ethereum [ETH] [worth around $800 USD at the reporting time] for every 1000 users who click on it.
But in line with a security researchers by the nickname Frost on Twitter, said that the app is meant to steal login credentials and money from users.
At first, downloading the software launched ransomware that warned users all of their info had been encrypted “using the foremost cryptographic algorithms,” adding:
“No system admins in the world can solve this issue without knowing the password.”
Recently, the scam evolved into a Trojan, probably permitting fraudsters to steal cryptocurrency wallets, files and login details, take screenshots and review browsing history without user’s knowledge.
Malicious software that tries to dupe inexperienced cryptocurrency enthusiasts is a common thing within the crypto ecosystem, as ‘reported‘ by EtherDesk earlier this month. Last week, researchers ‘found‘ apps on the ‘Google Play‘ store that imitated the renowned hardware wallet named ‘Trezor’.