Fake Cryptocurrency Wallets In Google Play Store – In google play store, four fake cryptocurrency wallets were identified by Lukas Stefanko, who is a Malware Researcher. Similarly, these four phony cryptocurrency wallets were attempting to steal clients’ personal information. 

The applications were acting like cryptocurrency wallets for NEO, Tether and an extension for obtaining Ethereum (ETH), MetaMask. Meanwhile, they were purportedly intended to pilfer clients’  mobile banking credentials and credit card details.

Stefanko Classified Wallets In Two Groups

Fake Cryptocurrency Wallets In Google Play Store – These wallets have been classified into two groups by Stefanko. Wherein the fake MetaMask application was a “phishing wallet” and the other three applications were “fake wallets.” The phishing application asks for the client’s private key. Even for wallet password after it is installed and launched

Even  Stefanko cleared his exploration into the “fake wallets,” taking note of the case of the phony NEO application named “Neo Wallet”. Since its launch in October which had more than 1,000 installs.

The phony crypto wallets apparently did not make another wallet through creating an open public address and a private key. Similarly Which are expected to safely send and get digital cash. Yet just showed the assailant’s public location with no client access to the private key. Furthermore believing that the application created their public address, clients would store their funds to that wallet. Yet we’re not able to get back them as the private key belonging to a cybercriminal.

Drag-n-Drop app builder service

Fake Cryptocurrency Wallets In Google Play Store – The applications were created utilizing the Drag-n-Drop application builder service – Stefanko explained, which does not require particular coding learning from the client. This implies almost anybody can develop a basic malicious application to steal anyone’s personal information, “once the Bitcoin (BTC) price rises,” as indicated by Stefanko.

The analyst states in the post that he informed about the fake applications to the Google security group, after which the wallets were taken out.

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