Fake crypto wallet apps are showing up on people’s Android and Apple phones thanks to an elaborate scheme uncovered by ESET researchers that has been operating since May last year.
Research by cyber security firm ESET has uncovered a “sophisticated scheme” that disseminates Trojan apps disguised as popular cryptocurrency wallets.
The firm also discovered 13 malicious apps impersonating the Jaxx Liberty wallet, available on the Google Play Store. Google has since removed the offending apps, which were installed more than 1,100 times, but there are still many more lurking out there on other websites and social media platforms. Lukáš Štefanko, the researcher who unraveled the scheme, said that there were other threat vectors, such as sending seed phrases to the attacker’s server using unsecured connections, adding:
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