A crypto wallet drainer that masqueraded as WalletConnect was discovered on the Google Play store, stealing over $70,000 from more than 150 users

A malicious app disguised as WalletConnect on Google Play stole $70,000 from over 150 users in five months, marking the first instance of wallet drainers targeting mobile users exclusively.

IT security firm Check Point Research has revealed the existence of a crypto wallet drainer that employed “advanced evasion techniques” to operate undetected on the Google Play Store, resulting in the theft of over $70,

Crypto scammers have once again stepped up their game, as a recent report revealed that bad actors launched a malicious app that passed Google Play Store's verification process by making the app look like a multi-function calculator.

Users were swindled of more than US$70,000 in cryptocurrency by a fake wallet app impersonating the popular Web3 protocol WalletConnect.

The campaign involved distributing a deceptive app that went by several names such as "Mestox Calculator," "WalletConnect - DeFi & NFTs," and "WalletConnect - Airdrop Wallet" (co.median.android.rxqnqb).

IT security firm Check Point Research has uncovered a crypto wallet drainer that used “advanced evasion techniques” on the Google Play store to steal over $70,000 in five months. The malicious app disguised itself as the WalletConnect protocol,

A crypto draining app mimicking the legitimate 'WalletConnect' project has been distributed over Google Play for five months getting more than 10,000 downloads.