Android users should be on the lookout for fake apps that are being used to steal crypto wallets by scanning texts, photos, and more.
We have given you plenty of good reasons to avoid downloading suspicious Android apps over the years, but here's one more. Recently, researchers at McAfee discovered 280 fake Android apps that scammers are using to access cryptocurrency wallets. As the researchers note, cryptocurrency wallet owners typically receive mnemonic phrases that they can use to recover their accounts in case they get locked out.
The app also wants to run in the background, which should all be red flags, in case you weren't aware. If you make it this far, here's what any of the 280 fake apps can steal from your phone: • Contacts: The malware pulls the user’s entire contact list, which could be used for further deceptive practices or to spread the malware even further.
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