Fake Trezor crypto wallet was found on the Google Play Store in an attempt to raise the bitcoin prices according to the latest cryptocurrency news that we have on our website today.
The ESET antivirus researches reported earlier today that the fake trezor crypto wallet was created in order to cash in or raise the BTC prices. The malicious app imitated in total the hardware wallet Trezor and according to the investigation, the software that was used had connections to another fake app with a strong potential to scam users who are not so educated about crypto and steal their money.
While the app’s page on the Google Play Store looks legit, the researches pointed out that the software of the fake app has no branding for the popular crypto wallet at all but only a generic login screen that is waiting to steal your credentials.
According to the ESET antivirus researchers, about 1,000 users downloaded the fake app and some of the other dodgy apps in the past. It app claimed it was able to help the users create wallets in order to store their cryptocurrencies safe. The software was actually designed to trick the users into transferring coins to multiple addresses that were owned by the attackers. The researchers warned:
“If bitcoin continues its growth trend, we can expect more cryptocurrency scam apps to emerge in the official Android app store and elsewhere.”
As mentioned on other altcoin news, the users of the apps are urged to only trust a legitimate app with the company’s official website links and branding. They should also check for a regular update on their devices and ask around before entering sensitive information into any blank space. Also, they are urged not to complete online forms that come from apps that have a dubious background.
The company behind the crypto wallet told the researchers that the fake app was not a threat to their users but they also made clear that the addresses that some of the users provided could be collected through the software and used for phishing attacks in the future. Google Play removed the app instantly from the marketplace.
Last year, Trezor issued multiple warnings to users after scammers tried to make a counterfeit version of the wallet.
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“Participants reflected on the legitimate use of blockchain technologies, including the use of cryptocurrencies for trading and investment activities, payment method and as a store of value.”As noted in the coming altcoin news, blockchain technology spiked the interest in business leaders and governments around the world. There will be a part of every business in the future consisted of blockchain since already some major companies such as Amazon, Google and Microsoft are all into the technology.
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“We should challenge ourselves with a resolution to make new foundations, moving beyond the scope of protecting our past achievements,” Lee noted, confirming the news that Samsung taps blockchain.As we reported last month in our altcoin news section, the budget smartphones by Samsung will start to include cryptocurrency and blockchain features. Meanwhile, crypto and blockchain functionalities have already been confirmed for the Samsung S10 phone and will be included in other Galaxy smartphone models, too. At the end of April, one anonymous source also claimed that Samsung could eventually develop its own public-private blockchain which will be completed with its own token. This confirms the craze for blockchain technology and innovation that is currently spreading among Asian conglomerates.
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