Research by cybersecurity firm ESET has uncovered a “sophisticated scheme” that disseminates Trojan applications disguised as popular cryptocurrency wallets.
The malicious scheme targets mobile devices using Android or Apple (iOS) operating systems which become compromised if the user downloads a fake app.
According to ESET‘s research, these malicious apps are distributed through bogus websites and imitate legitimate crypto wallets including MetaMask, Coinbase, Trust Wallet, TokenPocket, Bitpie, imToken and OneKey.
The firm also discovered 13 malicious apps impersonating the Jaxx Liberty wallet, available on the Google Play Store. Google has since removed the offending apps installed more than 1,100 times, but there are still many more lurking out there on other websites and social media platforms.
The threat actors disseminated their wares through social media groups on Facebook and Telegram, intending to steal crypto assets from their victims. ESET claims to have uncovered “dozens of trojanized cryptocurrency wallet apps,” going back to May 2021. It also stated that the scheme, which it believes is the work of one group, was primarily targeting Chinese users via Chinese websites.
Lukáš Štefanko, the researcher who unraveled the scheme, said that there were other threat vectors such as sending seed phrases to the attacker’s server using unsecured connections, adding:
“This means that victims‘ funds could be stolen not only by the operator of this scheme but also by a different attacker eavesdropping on the same network.”
Opera, one of the major crypto-friendly internet browsers, announced the integration of eight blockchains in a continued effort to introduce Web3 to more than 380 million mobile and desktop users worldwide.
In Jan. 2022, Opera launched the Crypto Browser project, a Web3-focused initiative for facilitating navigation across decentralized applications (DApp), games and metaverse platforms. As part of this initiative, the browser company added support for eight major blockchain ecosystems, including Bitcoin (BTC), Solana (SOL), Polygon (MATIC), StarkEx, Ronin, Celo, Nervos DAO and IXO.
Opera said in the announcement that its users now have access to the Polygon and Solana DApp ecosystems, as well as "the benefits of Layer 2 DeFi via StarkWare-powered DiversiFi."
The latest integrations enable Opera users to access Polygon proof-of-stake (POS) blockchain and Ethereum L2 ecosystem via StarkEx.
According to the company, the intention behind integrating multiple blockchains was to ensure chain agnosticism and Web3 involvement in an environment-friendly manner. Jorgen Arnesen, EVP Mobile at Opera stated:
“Ultimately, Web3 is on its way to becoming a mainstream web technology and users won’t need to know they’re interacting with it. They need to get a superior user experience and a true benefit.”
A new survey by polling agency Morning Consult found that fewer than one third of ordinary Americans have heard of DeFi compared with 77% of crypto owners.
Considering that about 87% or 290.9 million Americans did not yet own crypto through 2021 according to Statista, awareness of decentralized finance (DeFi) among non-owners is limited to about 90 million Americans and still has a long way to go.
The survey was conducted between Feb. 16 and 23 of this year. It included 4,404 United States-based adult respondents.
Although discussion within the crypto industry often looks to highlight the rapid growth of the DeFi space over traditional financial service providers, it is easy to overlook the echo chamber.
However, the survey's most optimistic finding was that 91% of Americans have heard of cryptocurrency, a number tantalizingly close to representing the entire population.
The report, written by Morning Consult’s analyst Charlotte Principato, states that 40% of respondents agreed that there is a lack of innovation in existing traditional financial services and are actively diversifying the financial services and providers they use. While there is demand for more services, it is not necessarily a factor driving users out of traditional finance.
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