New Report Reveals Worrisome Existence Of Fake Crypto Wallet Apps On Google’s Play Store

In an elaborate post made on Tuesday, November 13 by Lukas Stefanko, it has been revealed that thieves are finding interesting ways to steal users’ personal information. What started off as stealing credit card and related information, has now turned into stealing information related to one’s cryptocurrency accounts.

In particular, Stefanko allegedly found three fake crypto apps on the Google Play Store, namely a “Neo Wallet Granville, Tether Wallet Granville and Neo Wallet Trackers NEO.” It doesn’t stop at these three, as it looks like a malware app has also been created in the form of MetaMask.

Stefanko has since split the fake apps into two categories, in which the former three falls under the one dubbed, “fake wallets,” and the remaining under, “phishing”. The “fake wallets” appear to have been created by the same attacker in an attempt to disguise his or her private key as the user’s.

So, when the user downloads the app and sends money to the “generated public address,” which in fact is that of the attacker’s, any funds transferred will immediately fall into the attacker’s wallet.

To see if both NEO apps are by the same attacker, Stefanko supposedly created two unique accounts and noticed that the address and QR Codes were identical. The remaining category includes a phishing, malware disguised as a MetaMask app, in which users are asked for their “private key and wallet password.”

Although the aforementioned four apps have since been removed from the Google Play Store, this only goes to show the extent in which thieves are working to steal users’ funds. The fact that someone was able to catch this is noteworthy and hopefully, users will be more careful when downloading said apps.

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