Fake WalletConnect App Drains Over $70K in Crypto Assets Before Removal from Google Play Store

Quick Summary:

Fake WalletConnect App Drains Over $70K in Crypto Assets Before Removal from Google Play Store A fake WalletConnect app listed on the Google Play Store for four months has reportedly drained more than $70,000 in cryptocurrency assets, according to a recent Decrypt report.

The $70,000+ loss represents a combination of various cryptocurrency assets, including Bitcoin (BTC), Ethereum (ETH), and other altcoins, all stolen from unsuspecting users who had downloaded the fraudulent app.

The fake app posed as a legitimate WalletConnect service, which is widely used in the cryptocurrency space to facilitate decentralized application (dApp) interactions with crypto wallets.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaMali

Topics: Crypto News Fake WalletConnect

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-28 @ 07:01:27 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 914 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22757866

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 14 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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