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Bitcoinsensus

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Image Credit: Bitcoinsensus

Fake Crypto Wallet Drainer App Steals Over $70K

  • A fake crypto wallet app, called WalletConnect, has stolen over $70,000 from more than 10,000 victims.
  • The app targeted mobile users and pretended to fix Web3 wallet compatibility issues.
  • It took advantage of the lack of an official WalletConnect app on Google Play.
  • The app appeared legitimate and capitalized on users' trust and the challenges of Web3.

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