Scammers are using a network of fake apps to steal funds from crypto newbies

Security researchers have identified a “stash” of more than 150 fake trading, banking and cryptocurrency apps designed to steal victims’ funds.

According to Sophos, the fraudulent iOS and Android apps all utilize a common server, suggesting a single cybercriminal group is responsible. This assumption is supported by commonalities in the design of the applications, as well as communications with the fake customer support team.

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