User robbed of crypto after using fake Skype app

November 13, 2023

By Aniket Verma

• The attackers used a tried-and-tested phishing strategy to steal funds.

• The preliminary investigation suggested that the masterminds behind the crime were a group of Chinese hackers.

With all the promises of quick money that it offers, the world of cryptocurrencies is also fraught with dangers. As the market expands and more funds flow in, it attracts the unwanted attention of malicious hackers.

Fake Skype app steals crypto

Blockchain security firm SlowMist divulged information about an unfortunate incident wherein the victim lost his funds after using a fake version of popular social platform Skype.

The preliminary investigation suggested that the masterminds behind the crime were a group of Chinese hackers with a track record of targeting Web3 transactions.

Slowmist stated that the attackers used a tried-and-tested phishing strategy to steal funds. The fake Skype app asked for permission to access personal information of the users.

Treating it like any other social app, users didn’t suspect foul play. However, they had no idea what they were getting themselves into.

After getting the access, the app started to upload the data, including images, device information, and phone number to the phishing gang’s backend interface. But hold on! This isn’t even the worst part.

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