Cryptocurrency theft occurs via the fake Binance application

Blockchain security firm SlowMist recently reported several cases of asset theft from users mistakenly downloading fake applications on the Internet, including Binance and Skype.

Cryptocurrency theft occurs via the fake Binance application

Reported directly by the victims, SlowMist explains that the area affected by this new form of hacking is above all China, where Google Play is banned and users are often forced to search and download apps directly on the internet.

New investigation report on SlowMist:

Fake Skype App Phishing Analysis

Our latest report reveals how a fake Skype app led to the theft of stolen funds in the Web3 space.

Dive into our investigation for more insights into this scam and how to stay protected!…

— SlowMist (@SlowMist_Team) November 12, 2023

This method presents many potential risks because it could be a fake application created with the purpose of stealing information and hacking user accounts.

SlowMist’s investigation revealed that a number of fake “bn-download” domain names have begun to appear on the Binance exchange.[number].com” from November 2022, showing that the hacker group is targeting Web3 applications, which have a more direct link to user funds.

Not only Binance, a seemingly innocuous calling application called Skype, reported by SlowMist, is also spoofed by the domain name that Binance has been changed to. The Skype case also caused some damage.

Fake Skype applications. Source: SlowMist

Specifically, the research unit found that hackers redirected 192,000 USDT to the Tron wallet across 110 transactions by taking information from a user who mistakenly downloaded a fake Skype. SlowMist also tracked down an illegal Ethereum wallet that received 7,800 USDT via Bitget.

Stolen transaction on Tron wallet. Source: SlowMist

SlowMist detects that the malicious link’s interface has been disabled. However, to minimize the risk of falling victim to such attacks, SlowMist recommends users to only use official app download channels.

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