Cheap Chinese Android phones are being shipped with trojanized WhatsApp and Telegram clones designed to steal cryptocurrencies through address swapping.
The campaign targets low-end phones resembling well-known models and embeds malware in pre-installed apps.
Attackers spoof device specifications to make phones appear as Android 14 with better hardware, fooling users and apps.
The malware, dubbed Shibai, uses hidden modules to hijack updates, replace crypto wallet addresses, and exfiltrate chat data.