Crypto Scam App Disguised as WalletConnect Steals $70K in 5-Month Campaign!

Crypto Alert! A fake Android app posing as WalletConnect has stolen $70,000 in cryptocurrency from unsuspecting users over the past five months. Discovered by Check Point, this malicious app tricked over 150 victims into downloading it from the Google Play Store, where it posed as legitimate crypto and DeFi tools.

Key Details:

The scam app was downloaded over 10,000 times under names like "WalletConnect - DeFi & NFTs" and "Mestox Calculator."
The app redirects users to malicious websites to steal wallet credentials.
Victims unknowingly signed malicious transactions, allowing hackers to drain funds from their wallets.
The scam primarily targeted users in Nigeria, Portugal, and Ukraine.
⚠️ The app is now removed from the Play Store, but the threat of fake crypto apps remains high. Be sure to only download trusted applications and revoke permissions to safeguard your digital assets!

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