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A fake Ledger Live app on the Apple App Store led to the loss of 5.92 $BTC , worth $424K. American musician Garrett Dutton downloaded the app, entered his 24 word seed phrase, and unknowingly gave attackers full access to his wallet.
The incident highlights ongoing risks around wallet security and app store verification. Even trusted platforms can host malicious apps, and entering a seed phrase into any unofficial interface remains one of the most critical vulnerabilities in crypto.
Attention now shifts to Apple's review process and whether stricter controls will follow. Users are watching for platform accountability and renewed focus on self custody safety standards.
#scamriskwarning #BinanceSquareTalks
The incident highlights ongoing risks around wallet security and app store verification. Even trusted platforms can host malicious apps, and entering a seed phrase into any unofficial interface remains one of the most critical vulnerabilities in crypto.
Attention now shifts to Apple's review process and whether stricter controls will follow. Users are watching for platform accountability and renewed focus on self custody safety standards.
#scamriskwarning #BinanceSquareTalks
نورة العتيبي:
جائزة مني لك تجدها مثبت في اول منشور 🎁
$RAVE It’s time to have an open discussion about this coin.
The market cap is listed as $3B, but that’s not real money. Low float + whale control + artificial volume → the price is inflated. The top 100 wallets hold 96% of the supply. This is no longer a normal market; it’s a controlled structure.
What we’re seeing right now:
- Parabolic surge (+5000%+)
- All-time high (ATH) zone
- Whale transfers are increasing
- Retail investors are jumping in driven by FOMO
This is a classic scenario:
👉 Smart money exits
👉 Retail investors buy in
👉 Then the dump happens
Liquidity is also weak. This means that when a major sell-off occurs, the price will drop sharply. -40%, -60% are normal for this type of structure.
In simple terms:
This isn’t an investment. This is a game that’s been set up and is already in its late stages.
Those entering now:
will face exit liquidity issues.
Risk = maximum
Reward = limited
Make your decision accordingly.
#rave #DumpandDump #RiskManagementMastery #scamriskwarning
The market cap is listed as $3B, but that’s not real money. Low float + whale control + artificial volume → the price is inflated. The top 100 wallets hold 96% of the supply. This is no longer a normal market; it’s a controlled structure.
What we’re seeing right now:
- Parabolic surge (+5000%+)
- All-time high (ATH) zone
- Whale transfers are increasing
- Retail investors are jumping in driven by FOMO
This is a classic scenario:
👉 Smart money exits
👉 Retail investors buy in
👉 Then the dump happens
Liquidity is also weak. This means that when a major sell-off occurs, the price will drop sharply. -40%, -60% are normal for this type of structure.
In simple terms:
This isn’t an investment. This is a game that’s been set up and is already in its late stages.
Those entering now:
will face exit liquidity issues.
Risk = maximum
Reward = limited
Make your decision accordingly.
#rave #DumpandDump #RiskManagementMastery #scamriskwarning
FXRonin - F0 SQUARE:
That is an interesting analysis of the current market structure.
Listen Carefully and clearly❗
Never Trust anyone. People fool other just for their 1 dollar comission. No one is here to make you rich, People scam with you. Never trade your hard earned money on the basis of other's advise. They do not know anything they are just cheap scammers who know some words of trading and can draw some lines. Make yourself cappible and learn to educate yourself. So that you know where to invest or trade your hard earned money.
If no one is giving you money
Then why they give you advise?
You earned it, so you should know where to trade
Make yourself educated and slap those cheap illetrate scammers.
Knowledge is Money.
Stat blessed.
JazakAllah!!!😊
#scamriskwarning #ScamAwareness #SCAMalerts
Never Trust anyone. People fool other just for their 1 dollar comission. No one is here to make you rich, People scam with you. Never trade your hard earned money on the basis of other's advise. They do not know anything they are just cheap scammers who know some words of trading and can draw some lines. Make yourself cappible and learn to educate yourself. So that you know where to invest or trade your hard earned money.
If no one is giving you money
Then why they give you advise?
You earned it, so you should know where to trade
Make yourself educated and slap those cheap illetrate scammers.
Knowledge is Money.
Stat blessed.
JazakAllah!!!😊
#scamriskwarning #ScamAwareness #SCAMalerts
“ Inside the Arrest of a Hacker Who Built a Cybercrime Empire.” 🖤⛓️
The arrest of 27-year-old German hacker Noah Christopher in Bangkok highlights the expanding global fight against cybercrime. Linked to 74 warrants across Europe, he is accused of operating a sophisticated
Cybercrime as a Service (CaaS) network between 2021 and 2025. Investigators allege he developed ransomware platforms and provided DDoS tools like Fluxstress and Neldowner, enabling clients worldwide to launch attacks for payment. 💰
What stands out is the use of cryptocurrencies, allowing these operations to scale across borders with ease. With his visa revoked, he now awaits extradition to Germany, where a complex legal battle will likely unfold, reflecting the evolving nature of digital crime today.
What happens next:
German authorities will formally request extradition. If approved, he will be transferred to Germany for trial. Given the scale (74 warrants), he could face
Multiple charges including:
Computer fraud 🖥️
Organized cybercrime
Extortion (ransomware related)
Illegal operation of attack infrastructure
$BTC #US-IranTalksFailToReachAgreement #CryptoHacker #scamriskwarning
The arrest of 27-year-old German hacker Noah Christopher in Bangkok highlights the expanding global fight against cybercrime. Linked to 74 warrants across Europe, he is accused of operating a sophisticated
Cybercrime as a Service (CaaS) network between 2021 and 2025. Investigators allege he developed ransomware platforms and provided DDoS tools like Fluxstress and Neldowner, enabling clients worldwide to launch attacks for payment. 💰
What stands out is the use of cryptocurrencies, allowing these operations to scale across borders with ease. With his visa revoked, he now awaits extradition to Germany, where a complex legal battle will likely unfold, reflecting the evolving nature of digital crime today.
What happens next:
German authorities will formally request extradition. If approved, he will be transferred to Germany for trial. Given the scale (74 warrants), he could face
Multiple charges including:
Computer fraud 🖥️
Organized cybercrime
Extortion (ransomware related)
Illegal operation of attack infrastructure
$BTC #US-IranTalksFailToReachAgreement #CryptoHacker #scamriskwarning
Aadi33:
cyber crime rates are increasing day by day...
Золотой скам дроп 2024 года, мы тапали как могли 😐
$NOT
$DOGS
$BLUM
#StrategyBTCPurchase #USNFPExceededExpectations #scamriskwarning #telegramMining #Binance
$NOT
$DOGS
$BLUM
#StrategyBTCPurchase #USNFPExceededExpectations #scamriskwarning #telegramMining #Binance
По информации ФБР, в 2025 году американцы потеряли на криптомошенничестве $11.36 млрд — на 22% больше, чем годом ранее.
Больше всего ущерба принесли фальшивые «инвестиции», а почти 40% всех потерь пришлись на людей старше 60 лет.
Отдельно резко выросло число мошенничеств с использованием ИИ: за год зарегистрировали более 22 000 таких жалоб и почти $900 млн ущерба.
#StrategyBTCPurchase #USNFPExceededExpectations #USJoblessClaimsNearTwo-YearLow #scam #scamriskwarning
$BTC $ETH $BNB
Больше всего ущерба принесли фальшивые «инвестиции», а почти 40% всех потерь пришлись на людей старше 60 лет.
Отдельно резко выросло число мошенничеств с использованием ИИ: за год зарегистрировали более 22 000 таких жалоб и почти $900 млн ущерба.
#StrategyBTCPurchase #USNFPExceededExpectations #USJoblessClaimsNearTwo-YearLow #scam #scamriskwarning
$BTC $ETH $BNB
🚨 BREAKING: Chatham County Police Investigate $76,500 Fraud Scheme.......
Authorities in Chatham County are investigating a fraud scheme that cost a victim $76,500 after scammers tricked her into withdrawing large sums of cash and handing it over to strangers.
According to police, the scheme began with a phone call claiming her bank account had been compromised pressuring her to act immediately.The victim then visited multiple bank branches withdrawing tens of thousands of dollars and giving the cash to individuals she had never met.
In total she withdrew $32,500 $34,000 and $10,000 in separate transactions handing each amount to different individuals in parking lots resulting in a total loss of $76,500.
Police say this type of impersonation scam is becoming increasingly common often involving urgency and fear tactics to prevent victims from verifying the situation. Authorities report receiving similar scam cases nearly every week.
#scamriskwarning DriftInvestigationLinksRecentAttackToNorthKoreanHackers#ADPJobsSurge #fraud #GoogleStudyOnCryptoSecurityChallenges
$KOMA $BULLA $ARIAIP
Authorities in Chatham County are investigating a fraud scheme that cost a victim $76,500 after scammers tricked her into withdrawing large sums of cash and handing it over to strangers.
According to police, the scheme began with a phone call claiming her bank account had been compromised pressuring her to act immediately.The victim then visited multiple bank branches withdrawing tens of thousands of dollars and giving the cash to individuals she had never met.
In total she withdrew $32,500 $34,000 and $10,000 in separate transactions handing each amount to different individuals in parking lots resulting in a total loss of $76,500.
Police say this type of impersonation scam is becoming increasingly common often involving urgency and fear tactics to prevent victims from verifying the situation. Authorities report receiving similar scam cases nearly every week.
#scamriskwarning DriftInvestigationLinksRecentAttackToNorthKoreanHackers#ADPJobsSurge #fraud #GoogleStudyOnCryptoSecurityChallenges
$KOMA $BULLA $ARIAIP
DriftInvestigationLinksRecentAttackToNorthKoreanHackers
How Koreans “Hacked” Drift Protocol for $285,000,000
North Korean hackers spent six months posing as employees of a “quantitative trading fund.”
They met with the Drift team at conferences, communicated via Telegram, and even invested $1 million of their own money to build trust.
Once the relationship became “operational,” they sent a repository containing a file that exploited a vulnerability in Visual Studio Code and Cursor — all it took was simply opening it.
After that, the hackers automatically wiped chat histories and traces of the attack, and around $285 million vanished from the protocol. Their main weapon wasn’t the exploit — it was six months of patience and social engineering.
$USDC
How Koreans “Hacked” Drift Protocol for $285,000,000
North Korean hackers spent six months posing as employees of a “quantitative trading fund.”
They met with the Drift team at conferences, communicated via Telegram, and even invested $1 million of their own money to build trust.
Once the relationship became “operational,” they sent a repository containing a file that exploited a vulnerability in Visual Studio Code and Cursor — all it took was simply opening it.
After that, the hackers automatically wiped chat histories and traces of the attack, and around $285 million vanished from the protocol. Their main weapon wasn’t the exploit — it was six months of patience and social engineering.
$USDC
#scamriskwarning
Hackers Hit Android and iPhone Users’ Bank Accounts As Cybersecurity Firm Reveals 400% Surge in AI-Powered Malware Attacks
The cybersecurity firm Zimperium says banking malware attacks are skyrocketing with the assistance of artificial intelligence (AI).
In a new blog post, Zimperium says malware banking attacks using AI have increased by 400% year-over-year.
“What once required weeks of skilled reverse engineering now takes hours. Phishing lures are 5x more convincing. Variants are generated faster than detection can respond. Every stage of the attack chain is getting cheaper, faster and harder to stop.
The [iPhone hacking] DarkSword exploit chain, disclosed this week at [the cybersecurity conference] RSA, is a live illustration of exactly this. No click. No app install. Just visit a website and the device is compromised. AI-assisted development is making these capabilities cheaper, faster and more widely accessible than ever before.”
The firm also warns that AI is helping cybercriminals stay increasingly ahead of anti-fraud measures.
“76% of security teams report they cannot keep pace. The gap is widening with every AI cycle.”
In Zimperium’s newly-released “Mobile Banking Heist” report, the firm identified 34 active malware families in 2025 and said 1,243 financial brands were targeted across 90 countries.
“They were industrialized campaigns, sophisticated and scalable, continuously evolving to bypass app security controls and exploit the institutions and customers that rely on them.
The scale is striking. Three malware families alone collectively target more than 60% of the banking and fintech apps analyzed.”
$USDC
Hackers Hit Android and iPhone Users’ Bank Accounts As Cybersecurity Firm Reveals 400% Surge in AI-Powered Malware Attacks
The cybersecurity firm Zimperium says banking malware attacks are skyrocketing with the assistance of artificial intelligence (AI).
In a new blog post, Zimperium says malware banking attacks using AI have increased by 400% year-over-year.
“What once required weeks of skilled reverse engineering now takes hours. Phishing lures are 5x more convincing. Variants are generated faster than detection can respond. Every stage of the attack chain is getting cheaper, faster and harder to stop.
The [iPhone hacking] DarkSword exploit chain, disclosed this week at [the cybersecurity conference] RSA, is a live illustration of exactly this. No click. No app install. Just visit a website and the device is compromised. AI-assisted development is making these capabilities cheaper, faster and more widely accessible than ever before.”
The firm also warns that AI is helping cybercriminals stay increasingly ahead of anti-fraud measures.
“76% of security teams report they cannot keep pace. The gap is widening with every AI cycle.”
In Zimperium’s newly-released “Mobile Banking Heist” report, the firm identified 34 active malware families in 2025 and said 1,243 financial brands were targeted across 90 countries.
“They were industrialized campaigns, sophisticated and scalable, continuously evolving to bypass app security controls and exploit the institutions and customers that rely on them.
The scale is striking. Three malware families alone collectively target more than 60% of the banking and fintech apps analyzed.”
$USDC
SIREN разогнали как новый сильный narrative-токен.
По факту рынок получил один из самых наглядных примеров того, как перегретый памп превращается в токсичную мясорубку ликвидности.
Когда токен сначала летит к $3.61, потом падает почти на 91%, а затем пытается отскакивать по 100%+ за день, это уже не история силы. Это история рынка, который потерял опору и теперь торгует только страх, жадность и остаточный hype.
SIREN was pushed as a strong new narrative token.
What the market got instead was one of the clearest examples of how an overheated pump turns into a toxic liquidity grinder.
When a token first runs toward $3.61, then falls almost 91%, and then keeps bouncing 100%+ in a day, that is no longer a strength story. It is a market trading fear, greed, and leftover hype after structure has already broken
#siren #scamriskwarning #Altcoin #short #goodbye
По факту рынок получил один из самых наглядных примеров того, как перегретый памп превращается в токсичную мясорубку ликвидности.
Когда токен сначала летит к $3.61, потом падает почти на 91%, а затем пытается отскакивать по 100%+ за день, это уже не история силы. Это история рынка, который потерял опору и теперь торгует только страх, жадность и остаточный hype.
SIREN was pushed as a strong new narrative token.
What the market got instead was one of the clearest examples of how an overheated pump turns into a toxic liquidity grinder.
When a token first runs toward $3.61, then falls almost 91%, and then keeps bouncing 100%+ in a day, that is no longer a strength story. It is a market trading fear, greed, and leftover hype after structure has already broken
#siren #scamriskwarning #Altcoin #short #goodbye
🚫Gate.io one of those piece of shit companies using fake marketing material to entice signups but don't deliver on anything they advertised. pisses me write off. if you have crypto there MOVE it. #scamriskwarning #Gate.io
🚨 Reality Check in NFTs
In 2022, Justin Bieber bought a Bored Ape Yacht Club NFT for $1.3 MILLION 💰
Today?
It’s worth around $12,000 😳📉
That’s a ~99% drop.
📊 Hype can fade.
📉 Liquidity can vanish.
🧠 Smart money manages risk.
Not every “blue chip” stays blue forever.
Lesson:
Don’t follow celebrities — follow fundamentals.
#NFT #scamriskwarning #scam #CryptoRisks
$SIREN $STO $D
In 2022, Justin Bieber bought a Bored Ape Yacht Club NFT for $1.3 MILLION 💰
Today?
It’s worth around $12,000 😳📉
That’s a ~99% drop.
📊 Hype can fade.
📉 Liquidity can vanish.
🧠 Smart money manages risk.
Not every “blue chip” stays blue forever.
Lesson:
Don’t follow celebrities — follow fundamentals.
#NFT #scamriskwarning #scam #CryptoRisks
$SIREN $STO $D
People so often can see messages or screenshots of this kind with a seed phrases! With a call to help withdraw money, supposedly an inexperienced user does not know how to do this!
In the head of an ordinary CryptoBro, the idea immediately works that "I am the smartest and now I can easily withdraw these usdt for myself in two clicks"
You take this seed phrase, enter it into any wallet, and you see that there is actually a 100-500 usdt on the balance in the Tron network! You are already starting to anticipate the profit! You click on the withdrawal, but you cannot withdraw because there is no TRX on the wallet to pay the commission! The price of TRX and the cost of the transaction is so cheap, so you quickly deposit 2-5 dollars in TRX to this wallet! Now you have Tron to pay the commission! You click on the withdrawal, but find that the TRX that you just deposited have disappeared somewhere and again there is not enough money to pay the commission!
Congratulations, you were cheated for 2-5 dollars! Sometimes people top up with 100 dollars! And there can be 20-100 such transactions even for 5 dollars a day! After all, such spam is scattered everywhere and crypto bros, thinking that the smartest ones fall for the same trick from all over the world! So a scammer can earn about 50-100 dollars a day) You can see all wallet transactions, withdrawals and deposits by the wallet address in TronScan) And you will see how many people fall for this trick) Brilliant, right?
What is the scheme? In the Tron network, you can give permissions to manage the output functions, confirm the transaction of one address by another wallet) Something like when there is a site or discord, admin panel, and you, as the owner, assign access to moderators to certain branches where they have certain rights! So here one wallet can be assigned with the rights to withdraw and sign transactions to another wallet! Guys, remember the simple rules! No one in cryptocurrency will make you rich Always use your brains
$TRX #TRX #scamriskwarning
In the head of an ordinary CryptoBro, the idea immediately works that "I am the smartest and now I can easily withdraw these usdt for myself in two clicks"
You take this seed phrase, enter it into any wallet, and you see that there is actually a 100-500 usdt on the balance in the Tron network! You are already starting to anticipate the profit! You click on the withdrawal, but you cannot withdraw because there is no TRX on the wallet to pay the commission! The price of TRX and the cost of the transaction is so cheap, so you quickly deposit 2-5 dollars in TRX to this wallet! Now you have Tron to pay the commission! You click on the withdrawal, but find that the TRX that you just deposited have disappeared somewhere and again there is not enough money to pay the commission!
Congratulations, you were cheated for 2-5 dollars! Sometimes people top up with 100 dollars! And there can be 20-100 such transactions even for 5 dollars a day! After all, such spam is scattered everywhere and crypto bros, thinking that the smartest ones fall for the same trick from all over the world! So a scammer can earn about 50-100 dollars a day) You can see all wallet transactions, withdrawals and deposits by the wallet address in TronScan) And you will see how many people fall for this trick) Brilliant, right?
What is the scheme? In the Tron network, you can give permissions to manage the output functions, confirm the transaction of one address by another wallet) Something like when there is a site or discord, admin panel, and you, as the owner, assign access to moderators to certain branches where they have certain rights! So here one wallet can be assigned with the rights to withdraw and sign transactions to another wallet! Guys, remember the simple rules! No one in cryptocurrency will make you rich Always use your brains
$TRX #TRX #scamriskwarning
Here are some tips to help you avoid scams and keep your account safe on Binance:
1. *Enable 2-factor authentication (2FA)*: Add an extra layer of security to your account by enabling 2FA.
2. *Use a strong password*: Choose a unique and complex password, and avoid using the same password for multiple accounts.
3. *Verify your account*: Complete the verification process to ensure your account is secure and trusted.
4. *Be cautious of phishing scams*: Never share your personal information, login credentials, or verification codes with anyone.
5. *Use the official Binance app or website*: Avoid using third-party apps or websites that may be malicious.
6. *Check the URL*: Ensure the URL starts with "https" and includes "(link unavailable)" or "(link unavailable)" (for US users).
7. *Don't click on suspicious links*: Avoid clicking on links from unknown sources, as they may lead to phishing websites.
8. *Keep your computer and phone secure*: Ensure your devices are updated with the latest security patches and antivirus software.
9. *Monitor your account activity*: Regularly check your account history and report any suspicious activity.
10. *Contact Binance support directly*: If you need assistance, reach out to Binance's official support channels.
By following these tips, you can significantly reduce the risk of falling victim to scams and keep your Binance account safe.
Remember, Binance will never ask you to provide sensitive information, such as your password or verification codes, via email or phone. Stay vigilant and stay safe!
#scamriskwarning
1. *Enable 2-factor authentication (2FA)*: Add an extra layer of security to your account by enabling 2FA.
2. *Use a strong password*: Choose a unique and complex password, and avoid using the same password for multiple accounts.
3. *Verify your account*: Complete the verification process to ensure your account is secure and trusted.
4. *Be cautious of phishing scams*: Never share your personal information, login credentials, or verification codes with anyone.
5. *Use the official Binance app or website*: Avoid using third-party apps or websites that may be malicious.
6. *Check the URL*: Ensure the URL starts with "https" and includes "(link unavailable)" or "(link unavailable)" (for US users).
7. *Don't click on suspicious links*: Avoid clicking on links from unknown sources, as they may lead to phishing websites.
8. *Keep your computer and phone secure*: Ensure your devices are updated with the latest security patches and antivirus software.
9. *Monitor your account activity*: Regularly check your account history and report any suspicious activity.
10. *Contact Binance support directly*: If you need assistance, reach out to Binance's official support channels.
By following these tips, you can significantly reduce the risk of falling victim to scams and keep your Binance account safe.
Remember, Binance will never ask you to provide sensitive information, such as your password or verification codes, via email or phone. Stay vigilant and stay safe!
#scamriskwarning
what you think this ?. i find this on coinmarketcap . good or bad thing i think is not good. i have seeing couple gime when theh pump and then dump and many peapol Lost there money
#BecomeCreator #MemeCoinInsights #scamriskwarning #PowellAtJacksonHole
#BecomeCreator #MemeCoinInsights #scamriskwarning #PowellAtJacksonHole
Exposing the $122 Million Tech Fraud: A Remarkable Con That Tricked Google and Facebook
In an audacious scheme, a Lithuanian con artist managed to siphon off a staggering $122 million from two of the world's largest tech companies—Google and Facebook—between 2013 and 2015. The scam involved sending fraudulent invoices from a non-existent company, which were paid by the tech giants without hesitation.
This elaborate ruse saw Google and Facebook part with $23 million and $99 million, respectively, highlighting a shocking lapse in their financial security processes. The fraudster's success underscores how even the most powerful corporations can fall prey to well-crafted deceptions.
Ultimately, the scam was uncovered, resulting in a five-year prison sentence for the perpetrator. However, this incident serves as a stark reminder of the critical importance of thorough financial oversight, even for industry leaders. Could such a blunder happen again? The story leaves us pondering the vulnerabilities that persist in today's digital age.
Stay tuned for more captivating insights from the worlds of technology and finance!
Please VOTE for My Hardwork for you guys 👇🏻
Click here and VOTE on My Profile
#Write2Earn! #Fraud #scamriskwarning #BullBanter #voteforBULLISHBANTER
In an audacious scheme, a Lithuanian con artist managed to siphon off a staggering $122 million from two of the world's largest tech companies—Google and Facebook—between 2013 and 2015. The scam involved sending fraudulent invoices from a non-existent company, which were paid by the tech giants without hesitation.
This elaborate ruse saw Google and Facebook part with $23 million and $99 million, respectively, highlighting a shocking lapse in their financial security processes. The fraudster's success underscores how even the most powerful corporations can fall prey to well-crafted deceptions.
Ultimately, the scam was uncovered, resulting in a five-year prison sentence for the perpetrator. However, this incident serves as a stark reminder of the critical importance of thorough financial oversight, even for industry leaders. Could such a blunder happen again? The story leaves us pondering the vulnerabilities that persist in today's digital age.
Stay tuned for more captivating insights from the worlds of technology and finance!
Please VOTE for My Hardwork for you guys 👇🏻
Click here and VOTE on My Profile
#Write2Earn! #Fraud #scamriskwarning #BullBanter #voteforBULLISHBANTER
$BNB
🔥🔥🔥 Fake Wallet App Downloaded 10,000 Times on Google Play, Steals $70K in Crypto: 🥺🥺🥺🥺
The malicious app, named WalletConnect, mimicked the reputable WalletConnect protocol.
A fraudulent cryptocurrency wallet app on Google Play has reportedly stolen $70,000 from users in a sophisticated scam that has been described as a world-first for targeting mobile users exclusively.
The malicious app, named WalletConnect, mimicked the reputable WalletConnect protocol but was, in fact, a sophisticated scheme to drain crypto wallets.
The deceptive app managed to deceive over 10,000 users into downloading it, according to Check Point Research (CPR), the cybersecurity firm that uncovered the scam.
Scammers Market Fraudulent App as Solution to Web3 Issues
The scammers behind the app were well aware of the typical challenges faced by web3 users.
They cleverly marketed the fraudulent app as a solution to these problems, taking advantage of the absence of an official WalletConnect app on the Play Store.
Coupled with a slew of fake positive reviews, the app appeared legitimate to unsuspecting users.
While the app was downloaded over 10,000 times, CPR’s investigation identified transactions linked to more than 150 crypto wallets, indicating the number of individuals who actually fell victim to the scam.
Once installed, the app prompted users to link their wallets, claiming to offer secure and seamless access to web3 applications.
However, as users authorized transactions, they were redirected to a malicious website that harvested their wallet details, including the blockchain network and known addresses.
Exploiting the mechanics of smart contracts, the attackers were able to initiate unauthorized transfers, siphoning off valuable cryptocurrency tokens from the victims’ wallets.
The total haul from this operation was estimated to be around $70,000.
$BTC $TON
#BinanceLaunchpoolHMSTR #BTCPredictedNewATH #moonbix #BTCReboundsAfterFOMC #scamriskwarning
🔥🔥🔥 Fake Wallet App Downloaded 10,000 Times on Google Play, Steals $70K in Crypto: 🥺🥺🥺🥺
The malicious app, named WalletConnect, mimicked the reputable WalletConnect protocol.
A fraudulent cryptocurrency wallet app on Google Play has reportedly stolen $70,000 from users in a sophisticated scam that has been described as a world-first for targeting mobile users exclusively.
The malicious app, named WalletConnect, mimicked the reputable WalletConnect protocol but was, in fact, a sophisticated scheme to drain crypto wallets.
The deceptive app managed to deceive over 10,000 users into downloading it, according to Check Point Research (CPR), the cybersecurity firm that uncovered the scam.
Scammers Market Fraudulent App as Solution to Web3 Issues
The scammers behind the app were well aware of the typical challenges faced by web3 users.
They cleverly marketed the fraudulent app as a solution to these problems, taking advantage of the absence of an official WalletConnect app on the Play Store.
Coupled with a slew of fake positive reviews, the app appeared legitimate to unsuspecting users.
While the app was downloaded over 10,000 times, CPR’s investigation identified transactions linked to more than 150 crypto wallets, indicating the number of individuals who actually fell victim to the scam.
Once installed, the app prompted users to link their wallets, claiming to offer secure and seamless access to web3 applications.
However, as users authorized transactions, they were redirected to a malicious website that harvested their wallet details, including the blockchain network and known addresses.
Exploiting the mechanics of smart contracts, the attackers were able to initiate unauthorized transfers, siphoning off valuable cryptocurrency tokens from the victims’ wallets.
The total haul from this operation was estimated to be around $70,000.
$BTC $TON
#BinanceLaunchpoolHMSTR #BTCPredictedNewATH #moonbix #BTCReboundsAfterFOMC #scamriskwarning
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