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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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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