Cybersecurity researchers have discovered a malicious Android app on the Google Play Store that enabled the threat actors behind it to steal approximately $70,000 in cryptocurrency from victims over a period of nearly five months.
The dodgy app, identified by Check Point, masqueraded as the legitimate WalletConnect open-source protocol to trick unsuspecting users into downloading it.
“Fake reviews and consistent branding helped the app achieve over 10,000 downloads by ranking high in search results,” the cybersecurity company said in an analysis, adding it’s the first time a cryptocurrency drainer has exclusively targeted mobile device users.
Over 150 users are estimated to have fallen victim to the scam, although it’s believed that not all users who downloaded the app were impacted by the cryptocurrency drainer.
The campaign involved distributing a deceptive app…
