users coin base target of a new malicious campaign with fake Android app aimed at stealing credentials of digital wallets registered on the cryptocurrency trading platform. The warning was issued by ESET on Monday (24).
fraud, a fake Coinbase website Contains links to the actual page, except those that lead to the download of the company’s app. By clicking on this option, the internet user is encouraged to download an APK outside of the Google Play Store.
According to the cybersecurity company, the program is almost a copy of the real software, but a malware to steal seed phrase from cryptocurrency wallet. This recovery code containing 12 to 24 words provides extra data security in case the wallet is loaded on another device.
HE stealing seed phrase from fake Coinbase app can bring huge financial losses to customers. By having this, the cybercriminals have a chance to obtain the stored data and redirect all funds from the victim’s digital wallet to other wallets managed by them.
Downloads outside of official platforms
Download apps outside of the official Android store carries with it a number of risks, including the installation of malware on the mobile phone. Avoiding this app is the best way to avoid falling victim to scam involving the cryptocurrency trading platform.
Also, it’s important to check the website URL, check that it’s not a duplicate of the page, and always be suspicious of investments that promise high returns. another tip Never share the coinbase seed phrase.
The company did not elaborate on whether there were victims. scam with fake Coinbase app. The report only shows that the URL of the page showing as the official website of the platform is disabled.
Source: Tec Mundo
