Trezor Wallet Warns Users Of Copycat Scam App On Google Play

The Trezor wallet warns users of a new copycat scam app that emerged on the Google Play Store and it was even downloaded by at least 1000 people so let’s read some more about it in today’s crypto news.

Trezor who is a major hardware crypto wallet supplier warned its users about the fake Trezor app that emerged on Google Play. According to the company, the fake app is malicious and has no relation to SatoshiLabs or Trezor itself which is the company that created the wallet. According to the announcements, the Trezor wallet warns its clients not to install the malicious application and reminded them that they should never share their seed phrase with anyone.

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! pic.twitter.com/6C3iKfPDnR

— Trezor (@Trezor) January 18, 2021

Trezor provided the users with a short manual on using the wallet with Android and in the manual, the company listed its trusted third-party collaborators including Wallet, Sentinel, or Mycelium. Once the warning was launched, the malicious app was still available on Google Play and it was downloaded more than 1000 times. The copycat app has about 200 reviews on the app store with most of them warning that it is a scam. One user wrote:

 “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).”

This is not the first time that a fake app was listed on Google Play. Back in 2019, there was another wallet pretending to be Trezor as well. The app was found by ESET antivirus researchers who said that they expect even more scam apps to enter the Android store as the market becomes more popular. Online scammers were targeting other popular crypto companies and tried to impersonate their apps on Google and also steal money from the users. A cybersecurity researcher discovered that there were 22 malicious Google chrome extensions that imitated services like Trezor’s rival Ledger and Ethereum’s MetaMask.

As recently reported, The hardware wallet manufacturer Trezor got under a lot of criticism after it announced that bitcoin Cash Holders are hoping to receive an airdrop with the hard fork on November 15, 2020 that will have to transfer their coins elsewhere. The parent company of Trezor, SatoshiLabs, asserted that it will wait for the community to determine which Bitcoin Cash implementation will dominate the network moving ahead.