UNKNOWN

JANUARY 2021

GLOBAL

TREZOR

DESCRIPTION OF EVENTS

"The safe place for your coins." "Store your coins with Trezor." "Hardware wallet is the safest way to manage & trade your cryptocurrencies."

 

"Developers of the Trezor hardware wallet have warned Android devices users about the fake Mobile Manager Wallet application that is present on the Google Play Store.The company warned that the malicious application is not related to Trezor or SatoshiLabs and recommended not to install it."

 

"Warning to all Trezor owners using Android devices!"

 

"This app is malicious and has no relation to Trezor or SatoshiLabs. Please, don't install it."

 

"Remember that you should never share your seed with anyone until your Trezor device asks you to do it!"

 

"According to Cointelegraph, the fraudulent app is still available for installation and had been downloaded over 1,000 times."

 

"Security Alert: There is a fake Trezor app on the Google Play store. It’s been downloaded over 1,000 times and is designed to take your crypto. As crypto continues to grow in value, more people will try to steal it."

 

"At the time of writing, the fake app is still available on Google Play. It was downloaded by over a thousand people."

 

"Creators of the fake app, gave themselves some positive reviews, and raise their rating to 4.7. In the comments, some user’s complain that the app freezes after entering the seed phrase."

 

"They've faked the reviews and all, i also see reviews of people who complain the app just hung after they entered their seed"

 

"The doppelgänger app also has about 200 reviews on the app store, with the majority warning that it is a scam. “This app is a scam. Never enter your recovery phrase in anything except an official hardware Trezor. Anyone that asks for this phrase (besides a physical Trezor) is trying to scam you),” one supposed user wrote."

 

“Never share your seed phrase until the Trezor device asks you to,” Trezor reminded.

A fake Trezor wallet was reported on the Google Play store, which could be downloaded by Android users. Trezor did not have an Android app at the time. The application was downloaded over 1,000 times. There was no report found of any specific losses reported by users, but the app definitely was attempting to steal seed phrases, so it is most likely the case that funds were lost.

HOW COULD THIS HAVE BEEN PREVENTED?

Seed phrases should never be entered into any sort of online application or program on the PC.

 

Check Our Framework For Safe Secure Exchange Platforms

Sources And Further Reading

 For questions or enquiries, email info@quadrigainitiative.com.

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