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Watch out for the fake Poloniex phishing apps on Google Play - TNW

Google-poloniex-social

Avid cryptocurrency traders ought to be extra careful what apps they download from Google’s Play Store – especially if they do their trading on popular exchange desk Poloniex.

ESET security researcher Lukas Stefanko has stumbled upon a malicious Poloniex copycat app designed to phish your credentials and steal your funds.

The researcher noted that when he first discovered the app, it was still in its “feeding phase” – meaning that it was set to redirect to the official Poloniex website until it has built up trust and a large enough user base.

“Once hundreds/thousands of users are logging into Poloniex through it, then it removes redirection and display only phishing screen to gain credentials,” Stefanko told TNW.

I found fake @Poloniex app on Google Play in a feeding phase. After start, opens phishing web with redirection to legit Poloniex. If there is large user base then there wont be any redirection. pic.twitter.com/0UYMV9yIDA— Lukas Stefanko (@LukasStefanko) March 28,...(continued)
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