The post User Loses Crypto After Installing And Using Fake Skype App appeared on BitcoinEthereumNews.com.

Table of Contents The world of crypto and Web3 is plagued with dangers associated with fake apps and phishing attempts, duping unsuspecting victims with the promise of quick and easy money.  An unfortunate incident has come to light in which a user lost his crypto after using a fake version of a hugely popular app, Skype.  Fake Skype App Steals Crypto  Blockchain security firm SlowMist brought the incident to light, describing an unfortunate incident where a user lost significant funds after using a fake version of a highly popular social platform, Skype. SlowMist has already published several articles analyzing phishing cases. According to the analysis, the user in question downloaded the app from an untrustworthy source online.  Preliminary investigations have revealed that the hackers behind the fake app and hack were the same Chinese hackers who were responsible for a similar fake Binance app. The group of hackers has a notorious reputation for targeting Web3 transactions. According to SlowMist, the attackers used a tried-and-tested phishing strategy to steal the user’s funds, with the fake Skype app asking the user for permission to access the users’ personal information.  Because of the inaccessibility of Google Play in China, users tend to search and download apps directly from the internet. The team warned that such fake apps were not just limited to wallets and exchanges but also social media platforms.  “However, the types of fake apps available online are not limited to just wallets and exchanges. Social media applications like Telegram, WhatsApp, and Skype are also heavily targeted.” Users Don’t Suspect Foul Play  Users tend to treat the fake Skype app as any other social app, which is why they do not suspect any foul play and give the app the required permissions. After getting access, the app began to upload data, including…

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Filed under: News - @ November 13, 2023 1:18 pm