Warning!!! - Hackers Are Cloning Web3 Wallets Like Metamask and Coinbase Wallet to Steal Crypto - BitcoinCom

in LeoFinance4 months ago

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Sergio Goschenko reports in bitcoin.com that "Confiant, an advertising security agency, has found a cluster of malicious activity involving distributed wallet apps, allowing hackers to steal private seeds and acquire the funds of users via backdoored imposter wallets. The apps are distributed via cloning of legitimate sites, giving the appearance that the user is downloading an original app.

Hackers are becoming more and more creative when engineering attacks to take advantage of cryptocurrency users. Confiant, a company that is dedicated to examining the quality of ads and the security threats these might pose to internet users, has warned about a new kind of attack affecting users of popular Web3 wallets like Metamask and Coinbase Wallet.

The cluster, that was identified as “Seaflower,” was qualified by Confiant as one of the most sophisticated attacks of its kind. The report states that common users cannot detect these apps, as they are virtually identical to the original apps, but have a different codebase that allows hackers to steal the seed phrases of the wallets, giving them access to the funds.

These backdoored applications are only being distributed outside app stores, so Confiant advises users to always try to install these apps from official stores on Android and iOS."

Source credit and full story - https://news.bitcoin.com/hackers-are-cloning-web3-wallets-like-metamask-and-coinbase-wallet-to-steal-crypto/

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