Large-scale crypto scam: Fake apps and phishing sites steal your money

CURRENT FRAUD ALERTS

May 31, 2023 at 12:25 p.m

With hidden malware in the Google Play Store and phishing sites, scammers want to lure you into a crypto trap. If you tap in, you’ll lose a fortune.

Interest in artificial intelligence (AI), chatbots like ChatGPT and cryptocurrencies is growing steadily. The new technologies and their possibilities not only fascinate people with an affinity for technology, but also everyone else. This is exactly what cybercriminals are currently taking advantage of. With fake apps and phishing sites that deal with the topic, they want to lure you into a trap and steal a lot of money.

As is so often the case, the fake apps can only be found in the Google Play Store. They are crypto applications that promise daily profits of up to $9,000 with no prior experience. Assuming you make an initial investment of $250. If you download such an app, personal data such as name, telephone number and e-mail address will be requested immediately.

A contact person will then call you and tell you which crypto wallet you should send the money to. However, you never get the promised money and the invested amount is lost forever. In addition, your data will be resold on the Darknet. In addition to the fake apps, security experts from Kaspersky have discovered phishing sites that follow the same pattern.

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You can recognize both the malicious apps and the phishing sites by their overloaded design and utopian investment promises. You should never send money to strangers offhand. No matter how tempting the offer is. In addition, before downloading software, you should always check the manufacturer, the comments and the requested permissions. We recommend that you also provide your Android cell phone with virus protection.