Google Removes Four Fake Crypto Wallet Apps On Google’s Play Store

Google Removes Four Fake Crypto Wallet Apps On Google’s Play Store

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November 19, 2018 by Jane
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According to a report from cybersecurity researcher Lukas Stefanko, four malicious cryptocurrency apps were spotted on the Google Play Store. 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
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According to a report from cybersecurity researcher Lukas Stefanko, four malicious cryptocurrency apps were spotted on the Google Play Store.

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 identified the MetaMask app as a phishing application intended to harvest the private key and the wallet password of the user. The rest were fake wallets which when launched were intended to dupe users into thinking that a public address had already been generated when it had not.

This was with the intention of leading the user to send funds to the wallet, whose private keys are owned by the creator of the fake wallet. Once sent, the user cannot withdraw these funds since they don’t own the private keys.

The apps have been on the Android marketplace for weeks now and had been downloaded several hundred times. The apps were removed from the Google Play Store as soon as they were reported.

While the speedy response Google showed towards such cases is a bit “relieving”, Stefanko also found out other concerning facts that are beyond what the tech company can do to protect their users.

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