New Fake Crypto Wallet Version of EOS RIO on Google Play Elicits User Warning from Developers


A new post on Twitter from EOS Rio shows that consumers and investors need to start watching what they download to their phones. The post reads, “There is a fake SimplEOS app on Google Play! We’ve taken the security measures to take it down! Please help us spread the word to avoid users from being hacked! The secure way to download your SimplEOS is on http://eosrio.io/simpleos or http://github.com/eosrio/simpleos.”

According to The Block, EOS Rio is a group of Brazilian developers for EOS, and they recently found another user creating a fake version of their app, which is a cryptocurrency wallet program. Even though it says that it is created by EOSRIO, EOS RIO itself published a statement to warn consumers that their official app has not been made available on the Play store yet.

There aren’t any clear statistics about how many users already downloaded the fake application, though it does look like Google Pay has removed it from the Dutch version of the store. So far, the company says that they’ve taken action to take the app off of Google Play entirely. Hopefully, enough users see this information to either avoid the download or to delete it from their smartphones in time.

Often, the creators of fake wallet apps create them with the intention of stealing the credentials of the users to steal their crypto assets. Malware is often using in the coding, ensuring that they are able to lift everything from a single login, including the username, password, and private key of the wallet’s owner.

A similar circumstance occurred with the Hodgetwins, a pair of YouTube personalities that experienced an $8,000 loss of their cryptocurrency via an EOS wallet from Apple’s App Store. The app was eventually removed from the App Store without much fanfare or advisement to users, following a highly popular video from the vloggers.

Anyone that wants to keep their devices safe should specifically rely on the software from a trusted source, like the cryptocurrency wallet’s official website.

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