Scammers have recently targeted privacy-focused coins such as Monero and Zcash.
They have even created false URLs of applications such as Mymonero for Android.
In Zcash they have created false accounts on Twitter, where they have more than 6000 followers. They post false information on crypto distributions and even raise funds in ETH.
Many will wonder why criminals are targeting privacy focused coins and one of the reasons is that they can appear high in the results when conducting searches, it is much more difficult to get those results when it comes to Bitcoin and Ethereum.
The fake wallet problem only happens on Google Play, as the Apple store manually verifies every app update. This results in the Google store having thousands of scam apps.
Many of us know that scammers or hackers are very fond of those people who do not take steps to verify new applications.
Here are some tips to avoid downloading one of those scam apps.
1.- Look for references about the wallet on the internet. All of these have many reviews on blogs, youtube, social networks.
2.- Look for the recommendations of the developers.
3.- Include triple verification wallets.
4.- Make the first purchase for 10 dollars and withdraw the money, if everything turns out well, buy everything you are going to buy.
5.- Install applications with more than 100,000 downloads, with a 4-star rating and more than 1,000 reviews.
6.- Be very careful when acquiring coins such as Monero, Zcash and others focused on privacy.
7.- If you come across a false URL, report it to Google.
What do you think about the security measures?
Do you have any other security recommendations?
Did you know that the scammer who knows about apps spends an average of 2 days creating the app and spends less than $ 25 to publish their fake app?
They have even created false URLs of applications such as Mymonero for Android.
In Zcash they have created false accounts on Twitter, where they have more than 6000 followers. They post false information on crypto distributions and even raise funds in ETH.
Many will wonder why criminals are targeting privacy focused coins and one of the reasons is that they can appear high in the results when conducting searches, it is much more difficult to get those results when it comes to Bitcoin and Ethereum.
The fake wallet problem only happens on Google Play, as the Apple store manually verifies every app update. This results in the Google store having thousands of scam apps.
Many of us know that scammers or hackers are very fond of those people who do not take steps to verify new applications.
Here are some tips to avoid downloading one of those scam apps.
1.- Look for references about the wallet on the internet. All of these have many reviews on blogs, youtube, social networks.
2.- Look for the recommendations of the developers.
3.- Include triple verification wallets.
4.- Make the first purchase for 10 dollars and withdraw the money, if everything turns out well, buy everything you are going to buy.
5.- Install applications with more than 100,000 downloads, with a 4-star rating and more than 1,000 reviews.
6.- Be very careful when acquiring coins such as Monero, Zcash and others focused on privacy.
7.- If you come across a false URL, report it to Google.
What do you think about the security measures?
Do you have any other security recommendations?
Did you know that the scammer who knows about apps spends an average of 2 days creating the app and spends less than $ 25 to publish their fake app?
