Logo
Cardano Ecosystem

BitcoinEthereumNews

10/15/2022

·

417 views


Fake Cardano Mobile Wallet Is Stealing Users’ Funds

The post Fake Cardano Mobile Wallet Is Stealing Users’ Funds appeared on BitcoinEthereumNews.com. According to numerous social media reports, scammers have created what looks like an official Nami Cardano wallet for mobile devices but in fact acts as a phishing...

Fake Cardano Mobile Wallet Is Stealing Users’ Funds

According to numerous social media reports, scammers have created what looks like an official Nami Cardano wallet for mobile devices but in fact acts as a phishing application that steals users’ seed phrases and funds.

After downloading the application, users are asked to type in their seed phrase from the browser-based Nami wallet, which looks like an ordinary procedure when creating a wallet on a different device. However, that is not the case here.

Instead of giving access to users’ funds, the app steals the data and sends it to app developers, providing them with direct access to Cardano held on the legit browser-based Nami wallet.

The appearance of the application on the marketplace has nothing to do with the developers of the official browser solution by Nami. Unfortunately, the fake wallet is still available for downloading on the platform, which means more users will become victims of hackers.

The scheme used by the application is a common way of stealing digital assets. By creating fake applications or web services, developers make people believe that they are using authentic solutions and transfering sensitive data that gives access to funds.

Previously, Twitter scammers were using phishing links in the comments sections of popular influencers. Once users proceeded to the website, they ended up on the page where they were promised more than a 100% profit for simply sending a certain amount of coins to an address.

More sophisticated scammers asked users for their wallet details with the promise of sending them additional funds. Obviously, nothing has been sent to the victims, and the funds in their wallets were transferred immediately. Due to the decentralized nature of blockchains, it was impossible to get the funds back.

Source: https://u.today/warning-fake-cardano-mobile-wallet-is-stealing-users-funds

Post navigation

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/technolo...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.7K views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)