Probably the reason why it comes out its due to the upcoming airdrop that has been announced by walletconnect.
https://x.com/WalletConnect/status/1841161764320297354?t=8C0QDpHkj-HmNqjhQ3SUMA&s=19
The scammer is antcipating a potential connector since there must be some whose gonna look for their app wallet and here it happened. The airdrop is live until 18th of October for registration so this must be take advantage by this mfer.
Topic: Fake WalletConnect on Google Play - page 3. (Read 560 times)
It was unraveled that there was a malicious app on Google play that is targeting crypto enthusiast and obviously it is designed to be a mobile device to be used by many of us. And it has a good evasion technique that's why it was under the radar for quite sometime (five months) now and it could have victimized already.
Google Play again let it happens, but not surprising because we knew about that for years. They have very easy procedure and let fake apps to be listed in their Google Play Store, that causes massive threats to their users.Some keys to avoid fake and phishing applications.
- Low total downloads: usually it is very low number.
- Release date: very recently.
- Total reviews: it is low too.
If you see an application with these red flags, be more careful.
Another key but it is the first one to do, if you want to get a download link of application, find it on an official website; and NEVER go to Google Play Store to search for it.
It’s getting harder to trust the Google Play Store nowadays. I wonder if it’s the same for the Apple Store. I’m an Android user, so this is a big help for people like me. Although, personally, I don’t use those wallets. It’s definitely better to be cautious and go directly to the official website for download links, it's much safer than just relying on the Play Store, even if it's Google-verified.
But it's worth to mention that this fake wallet managed to stay about 5 months before it's removed from Google Play.
If such thing can happened in the Google Play store, we need to be very careful, the type of wallet we download from Google play store these days, because it is painful when someone loss coins in the fake wallet. I thought that all the wallets in the Google Play store are genuine for crypto users to use to store their coins
Yes, it's true that apps found on Google play may have been proven to be legit and authentic, but most times when a app may have been successfully launched, what happens next may not be guaranteed, which is why it's always advisable people download popular Bitcoin Apps, most especially Apps with good rating of over 4.5, lots of reviews (e g 100k) and amount of downloads not less than a million. Or best stick to popular well known Bitcoin wallet Apps such as Electrum, BlueWallet, Trust wallet and Coinbase or exchange such as Binance, OKC, Bybit and Gate.io. 
If such thing can happened in the Google Play store, we need to be very careful, the type of wallet we download from Google play store these days, because it is painful when someone loss coins in the fake wallet. I thought that all the wallets in the Google Play store are genuine for crypto users to use to store their coins, but this information op just spread out on this thread, make me to be scared about some wallet am having interest to download to hold my coins for future purpose, well I have heard about trust wallet before, and they are among the genuine wallet someone can use to hold bitcoins and crypto without having fear of scammers or fake wallet.
It has been happening for many years now, that Google Play allows crypto stealer or anything that relates to crypto, scamming people out of their hard earn money. That's why we have discussed about Apple store as they are more strict with regards to any apps that is going to be listed on their store as compare to Google wherein it's very easy like in this case.
So the burden is on us now, that we should not be trusting anything on Google as it could be a fake apps and we all assume it's the real one. And this criminals are in the offensive and all we can do is to educate ourselves and this is the only weapons we have against this criminals.
I saw report of this fake wallet elsewhere. But it's worth to mention that this fake wallet managed to stay about 5 months before it's removed from Google Play. So duration since the application initially appear become less reliable ways to guess whether an app is legit or not.
The report also mention usage of fake reviews, so it's likely most of those downloads are fake download.
And as reported, many downloads but only 150 was victimized by it. But still that is a great numbers for criminals to be able to steal $70k without doing anything and just waiting for someone to fall for their trick.
The report also mention usage of fake reviews, so it's likely most of those downloads are fake download.
If such thing can happened in the Google Play store, we need to be very careful, the type of wallet we download from Google play store these days, because it is painful when someone loss coins in the fake wallet. I thought that all the wallets in the Google Play store are genuine for crypto users to use to store their coins, but this information op just spread out on this thread, make me to be scared about some wallet am having interest to download to hold my coins for future purpose, well I have heard about trust wallet before, and they are among the genuine wallet someone can use to hold bitcoins and crypto without having fear of scammers or fake wallet.
Can't imagine fake wallets on Google Play store which is the final destination for many of us when we look for official apps and updates. I don't know how newbies will understand what they should trust. Mostly, we ask people to use google play store to download official apps and ignore downloading by searching it on search engines. Let's say a newbie don't know the official URL of a wallet website, what they should do now? I usually suggest now to search on google, but search on play store and install that. Now, if there are fake apps on Play store, what is the safe method to suggest? 
I guess you really have to verify whether if they have a mobile version of it and it is on Google Play. The thing though is that this criminals are really smart to ride on the real name of the WalletConnect that's why there are a lot of unsuspecting victims not thinking that this is a fake one.
And as reported, many downloads but only 150 was victimized by it. But still that is a great numbers for criminals to be able to steal $70k without doing anything and just waiting for someone to fall for their trick.
I do agree about not trusting anything we found in Google Store as it is a cesspool of fake apps and most of them are wallet drainer.
Can't imagine fake wallets on Google Play store which is the final destination for many of us when we look for official apps and updates. I don't know how newbies will understand what they should trust. Mostly, we ask people to use google play store to download official apps and ignore downloading by searching it on search engines. Let's say a newbie don't know the official URL of a wallet website, what they should do now? I usually suggest now to search on google, but search on play store and install that. Now, if there are fake apps on Play store, what is the safe method to suggest?
When it comes to wallet, I usually advice people to download from their original sites, and use standard, well known wallets. The Google app store should not always be trusted as we have seen many false reviews in the past and till date. The scammers can just create it or have a promotion to help review the apps and also give it the best ratings so to trick others into using it. I do come across this wallet sometimes on play store and I don't think I've ever gone through it. We just have to be careful as there are even more of it's kind out there on play store. Use only well known wallets to avoid being a victim.
It was unraveled that there was a malicious app on Google play that is targeting crypto enthusiast and obviously it is designed to be a mobile device to be used by many of us. And it has a good evasion technique that's why it was under the radar for quite sometime (five months) now and it could have victimized already.
One method it uses is that it exploited the trusted name of "WalletConnect" protocol. And then it has a group of armies to make fake reviews as well that's why it got 10,000 downloads and it was even rank high in search engines.
It is said that it was able to drain crypto users of about $70,000 before being caught and removed.
https://research.checkpoint.com/2024/wallet-scam-a-case-study-in-crypto-drainer-tactics/
And it seems that this criminals is shifting to mobile devices kind of attacks. So we should really be careful of anything that we download specially crypto apps from Google store and we should very everything first, before connecting our wallets. Although this has been taking down, for sure, this criminals are not going to stop and could be coming up with another kind of downloads.
One method it uses is that it exploited the trusted name of "WalletConnect" protocol. And then it has a group of armies to make fake reviews as well that's why it got 10,000 downloads and it was even rank high in search engines.
It is said that it was able to drain crypto users of about $70,000 before being caught and removed.
https://research.checkpoint.com/2024/wallet-scam-a-case-study-in-crypto-drainer-tactics/
And it seems that this criminals is shifting to mobile devices kind of attacks. So we should really be careful of anything that we download specially crypto apps from Google store and we should very everything first, before connecting our wallets. Although this has been taking down, for sure, this criminals are not going to stop and could be coming up with another kind of downloads.
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