The decentralized app (dApp) MetaMask was facing some issues the other day after cryptocurrency scammers put up malware that impersonates the dApp on Google Play according to the reports that reached our crypto news today from cybersecurity company Eset.
The malware was working in a way that it replaces the computer clipboard information and trying to steal your cryptocurrencies at the same time. However, it got removed by Google just as February started after the Eset researchers warned Google about the possible attack.
The name of the malware was ‘’Clipper’’ and was able to replace the copied crypto wallet addresses with another address that belongs to the attacker with the goal of obtaining the funds that would eventually have been sent somewhere else without the user noticing.
This is one of the first time malware such as this one was used and successfully passed the Google vetting procedures according to the cybersecurity company. Eset pointed out:
“The clipper we found lurking in the Google Play store, detected by ESET security solutions as Android/Clipper.C, impersonates a legitimate service called MetaMask. The malware’s primary purpose is to steal the victim’s credentials and private keys to gain control over the victim’s Ethereum funds. However, it can also replace a Bitcoin or Ethereum wallet address copied to the clipboard with one belonging to the attacker.”
MetaMask is one of the oldest ethereum-based decentralized applications and has a victim of multiple scam attacks before. Last year, a couple of Google Developers removed the app from the play store but it later turned out that was a mistake.
Back in November 2018, MetaMask announced its plan for launching a mobile app and got another set of malicious attacks after the announcement.
The FBI Outlined Key Features Of Fraudulent Offering Schemes: A Warning To Everyone
“Like any investment product, rates of return can never be guaranteed and if it sounds too good to be true, it probably is.”The FBI also warned investors to conduct due diligence on all schemes and the individuals behind it - as well as to always be on the lookout for entities that appear to be exclusively internet-based where a physical address or any contact is hard or impossible to come by. The Bureau also suggested that investors should be aware of which jurisdiction the offering is registered in (if it is at all), as well as to which laws and regulations it falls subject to. FBI advised that the public can use the Financial Industry Regulatory Authority's BrokerCheck system to verify the identities and registration status of entities.
Mumbai Police Arrests Four Suspects In Alleged Crypto Scam Worth $17 Million
“The accused held meetings in Mumbai, Surat, and other parts of Gujarat, and lured people into investing their hard-earned money by promising to double it in two months. Initially, the gang repaid a few investors to lure more people in and then defaulted. Their intention was to cheat.”The report continues on to state that the group launched a fake cryptocurrency named ‘’Cashcoin’’ in 2018 and was later sold to multiple investors promising high returns and a quick doubling of their investment. All of the offenses were registered by the city crime branch at the local police station law enforcement claim breach of trust and criminal conspiracy. The lawyers of the defendants, on the other hand, claim for their clients to be innocent and to be wrongly arrested. In India in the past couple of weeks, multiple arrests were conducted after another group was found and accused of scamming investors for $71.6 million. The analytics company Chainalysis published a report where it says that the value of ETH stolen with scamming reached $36 million last year which is almost double than 2017.
Israeli Crypto Brokerage Coinmama Reports A New Data Breach Affecting 450,000 Of Its Users
“As of February 15, 2019, there has been no evidence of this data being used by perpetrators. Given the dated nature of the published data, we have no reason to suspect that any other Coinmama systems are compromised. Coinmama does not store credit card information.”Aside from notifying users immediately, Coinmama says that its response team is requiring all of the affected users to reset their passwords upon login and monitor any suspicious activity or unauthorized access. The platform says that it is currently working hard to enhance its safeguards and track any external signals. Even though the data breach impacted not only Coinmama big many other companies outside the crypto sector - it still represents the second high-profile system compromise in 2019.
24 Suspects Arrested In Turkey For $2.47 Million Crypto Hack
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