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Fake MetaMask App Pulled from Google Play Store

Fake MetaMask App Pulled from Google Play Store

The Google Play store pulled out app that runs on the Android OS after it was discovered to be clandestinely stealing bitcoin from unsuspecting users, Forbes reported on February 11, 2019.

Removal Job

The number of scams involving cryptocurrencies doesn’t seem to be dwindling despite the bear market, causing thousands of users to lose not only their funds but their trust in the industry as a whole. While there are dozens of different ways scammers steal cryptocurrencies, last week saw the first reported case of a malware making its way into the official Android app online shop.

On February 1, cybersecurity firm ESET has issued a warning against a malicious app that was available on the Google Play Store. The app was reportedly stealing users’ cryptocurrency by impersonating a legitimate service called MetaMask.

The app contained a new type of malware program called “Clipper,” which had reportedly been “intercepting” the clipboard content of crypto users, a blog post published by WeLiveSecurity revealed. The purpose of the malware was to steal the victim’s credentials and private keys to gain control over the victim’s Ethereum funds. However, it was also reported that it could replace a bitcoin or Ethereum wallet address copied to the clipboard with one belonging to the attacker.

Crypto Stealing Malware is Commonplace

“Cryptocurrency stealers that replace a wallet address in the clipboard are no longer limited to Windows or shady Android app stores,” Eset security researcher Lukas Stefanko wrote.

He added that several other malicious apps have been caught impersonating MetaMask on Google Play and have been quickly removed by the service.

Stefanko said that the appearance of clipper malware on Google Play serves as a reminder to Android users to up their mobile security and keep an eye on fraudulent apps.

MetaMask, which only offers add-ons for desktop browsers such as Chrome and Firefox, is not the only target for scammers. Security researchers have previously found bitcoin and cryptocurrency stealing software on download.cnet.com, one of the world’s most popular software-hosting sites, Forbes reported.

According to Stefanko, this dangerous form of malware first made its rounds in 2017 on the Windows platform. In August 2018, ESET researches discovered the first Android clipper that was being sold on underground hacking forums. In less than six months after it was first spotted, the malware has been a regular occurrence on several app stores that run on Android.

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Published at Tue, 12 Feb 2019 11:00:47 +0000

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Former Microsoft Engineer Helps Raise $8 Million to Fund Giga Watt Project, an “Airbnb for Bitcoin Mining”

Giga Watt Token Launch has raised $8 million to democratize access to the Washington state-based crypto mining operation founded by former Microsoft engineer Dave Carlson.

[Note: This is a press release.]


The facility allows anyone to participate in cryptocurrency mining through the WTT token, making attainable what has traditionally been an expensive, resource-reliant endeavor. WTT tokens represent the right to use the Giga Watt processing center’s capacity rent-free for 50 years, to accommodate 1 Watt’s worth of mining equipment power consumption. Token owners can use this capacity to accommodate their own miners or can rent out the WTT token to other users.

Giga Watt token launch

Giga Watt’s state-of-the-art facility in Wenatchee allows Bitcoins to be mined for under $600, significantly cheaper than their online purchase price of nearly $3,000. Access to inexpensive energy makes the location particularly economical, especially compared to many East Coast cities where interest in digital currencies is rising rapidly. Launched in partnership with Cryptonomos on June 2, 2017, the 60-day Giga Watt token sale has raised $8 million and counting, with latest statistics available here.

Giga Watt founder and CEO, Dave Carlson, explains:

By tokenizing our mining infrastructure, Giga Watt is finally able to extend our huge economic advantage to anyone in the world, large or small, to run their own mining business and be successful by having our expert team build and manage it. […] This is a move to decentralize the global balance of mining power and put it back in the hands of the little guy.  The home miner built bitcoin, and I want anyone to succeed as a true participant in the explosive growth of cryptocurrency mining.

Full details on the Giga Watt project and WTT token are available in Giga Watt’s White Paper.

About Giga Watt

Giga Watt is a facility in Wenatchee, Washington which provides turnkey mining services and custom mining packages. The facility offers a full range of mining services including equipment sales, maintenance and repair, and private blockchain servicing. For more information, please visit https://www.giga-watt.com.

About Cryptonomos

Cryptonomos is the blockchain solution for crowdsale, offering customizable structures and model smart contracts to cut down on costs and time at all stages of development, a wide selection of adaptable functions, independent auditing of smart contracts, and assurances of legal compliance and security. To learn more about Cryptonomos, please visit https://cryptonomos.com.


Images courtesy of Giga Watt, Shutterstock

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