Fake cryptocurrency Mobile applications

May 12, 2021

The fraudulent applications are aimed at exploiting the increased interest in trading apps, driven by the recent significant rise in the value of cryptocurrencies and interest in low-cost or free stock trading driven by stories like that of the recent social-media driven speculation in GameStop stock.

The schemes to deliver these applications used social engineering to entice victims, such as dating apps and websites that looked like they belonged to legitimate businesses.

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