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posted by martyb on Friday May 24 2019, @09:04PM   Printer-friendly
from the Who-can-you-trust-and-how-do-you-verify? dept.

https://arstechnica.com/information-technology/2019/05/fake-cryptocurrency-apps-on-google-play-try-to-profit-on-bitcoin-price-surge/

Google's official Play Store has been caught hosting malicious apps that targeted Android users with an interest in cryptocurrencies, researchers reported on Thursday.

In all, researchers with security provider ESET recently discovered two fraudulent digital wallets. The first, called Coin Wallet, let users create wallets for a host of different cryptocurrencies. While Coin Wallet purported to generate a unique wallet address for users to deposit coins, the app in fact used a developer-owned wallet for each supported currency, with a total of 13 wallets. Each Coin Wallet user was assigned the same wallet address for a specific currency.

A second fraudulent Android wallet used the name "Trezor Mobile Wallet" in an attempt to impersonate the widely used hardware cryptocurrency wallet Trezor. The app then instructed users to enter login data and sent it to a server controlled by the developers. Multiple security layers built into real Trezor wallets prevented any credentials entered from accessing legitimate accounts. Still, any email addresses or other personal data could potentially be used in phishing attacks.


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  • (Score: 2) by realDonaldTrump on Friday May 24 2019, @09:49PM

    by realDonaldTrump (6614) on Friday May 24 2019, @09:49PM (#847370) Homepage Journal

    Like so many things have gone up since that magnificent night when the maps all turned red, red, red.

    But, have you heard of Warren Buffett? This guy is very rich. Almost as rich as me. Very smart invester. And he says -- so interesting -- you can't DO anything with Bitcoin. Says it's nothing but a "gambling device." Although, some gambled on that one and won big!!!! foxbusiness.com/business-leaders/warren-buffett-bitcoin-is-a-gambling-device [foxbusiness.com]

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