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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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Crowd Genie Asset Exchange to Hold ICO

Crowd Genie, a fully operational Singapore-based peer-to-peer digital lending platform licensed by the Monetary Authority of Singapore (MAS), has been selected by the token holders of the ICOS platform as the latest promising project to hold its own ICO.


Unlike most projects contemplating an ICO, Crowd Genie is not a startup but rather a debt-based lending platform that has been in operation for more than 12 months. It is one of only four P2P lending platforms licensed by the MAS. The project’s vision is to build a tokenized Pan-Asian lending exchange based on smart contracts, to ensure cost-effective, safe and efficient cashflows between lenders and borrowers. The platform will include blockchain-based identity management, 40+ variable KYC due diligence, and a distributed asset exchange.

Powerful Security and Due Diligence + AI-powered Credit Scoring

Crowd Genie will create a “digital passport” for each client, both lenders and borrowers, using due diligence procedures that ensure compliance with KYC, AML/CFT, cybersecurity, and privacy requirements. Blockchain smart contract technology will make it possible for verified users to perform lending transactions instantaneously and at a much lower cost. The tokenization of assets on the distributed asset exchange will allow Crowd Genie to trade in fractions of assets from asset classes that would otherwise be too expensive or impractical to trade using traditional methods.

The project utilizes an AI-powered credit scoring engine to take information from the documents submitted by prospective borrowers and assess their creditworthiness. As the data set increases, the AI engine constantly adjusts the scoring algorithm by reevaluating and back-testing the data. Crowd Genie is also the only platform where the platform directors always participate in each asset listing. This ensures that the motivation and interests of all parties concerned are the same.

According to Crowd Genie founder Akshay Mehra:

We feel that going into an ICO as an already established business has its advantages. We have had time to fine-tune our platform, making it the most comprehensive on the market. Ours is the only platform that incorporates the entire lending process, from KYC verification to asset lending. No startup can say the same.

Crowd Genie ICO

Crowd Genie ICO

The public ICO will begin on January 15, 2018, and will run until February 15, 2018. On offer will be 50,000,000 CGCOINs, a utility token which can be used to trade on the Crowd Genie platform. When a transaction is performed in CGCOINs, the lender purchases the corresponding amount of CGCOIN tokens and transfers them to the borrower. The borrower can then either use the tokens to receive a fiat currency or keep them in the cryptocurrency, ensuring natural demand for the tokens.

Borrowers will receive incentives for making on-time payments on loans. For each repayment, borrowers will receive CGCOIN “Credits”, a disposable asset that will be tracked separately in the digital passport. These credits will be visible and will improve the borrower’s reputation in the system, thereby allowing them to receive larger loans and/or lower interest rates.

Speaking about the Crowd Genie project, ICOBox co-founder Nick Evdokimov remarked:

This is a project with a great upside. The fact that Crowd Genie is already a going concern is a real plus. The use of emerging blockchain technologies will make the platform more dependable, inexpensive and faster. We are very pleased that ICOS token holders have recognized the value of the project, and look forward to a successful ICO.

Crowd Genie’s goal is to collect 100,000 ETH through the token sale. The base price is 1 ETH for 400 tokens. All unsold tokens will be burned.

For more information about Crowd Genie please visit crowd-genie.com.

What are your thoughts on the Crowd Genie project? What impact will its regulatory approval and strict KYC have on the overall p2p lending industry? Let us know in the comments below.


Images courtesy of Crowd Genie

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