EOS
$1.93 3.75%
EOS · 4w

Fake EOS Wallet On Google Play Store Taken Down By Google - It’s Been Stealing People’s Money

It’s not always that it happens, but one of the most troubling issues facing the crypto world is about security. There have been numerous reports of attempts made by hackers and fraudsters to steal personal and other important information that could lead to loss of funds. The latest attempt is through an EOS wallet.

The Fake App

The malicious app had been uploaded on Google Play Store before it was discovered and reported by a Brazilian developer company. Named SimplEOS, the app mimicked the wallets created by EOS Rio, the developer company.

It was discovered that the fake software was actually a malware tool grabbing users’ passwords and other account information to steal their crypto funds. The fact that cryptocurrency transactions are anonymous makes it hard to recover stolen funds in such schemes. While it is the greatest cornerstone of the decentralized systems, the anonymity part is one of the major factors impending the total acceptance and adoption of cryptocurrencies by the authorities around the world.

EOS RIO

EOS RIO is a developer company recognized within the crypto network as one of the Block Producers on the EOS network. Basically, the Block Producers are the governing entities on the EOS blockchain. It is based out in Rio De Janeiro, Brazil. The company develops blockchain-based digital products. However, it has since made it clear that it has no apps currently hosted on Google Play Store. That makes the app in question an outright fraud.

Going further, the company took it upon itself to report the fake app to Google and warn users against downloading it. The company has directed users who want to download its apps to use its official website or on GitHub.

Taken Down

The good part is that Google was quick to act upon receiving the heads up from EOS RIO. The fake app has since been taken down from the site. It’s a fact that this isn’t the first time a fake EOS wallet has been spotted. However, the EOS commu...

Continue on ethereumworldnews.com
Recent news
EOS +3.75% · trybe.one · 2h

The Synergy between EOS and the EOS IO ecosphere.

Seeing how I did a video on daughter chains and sister chains in the past, I figured it was now time to go into more detail about the beneficial synergetic relationship between the EOS mainchain netwo...
11
EOS +3.75% · trybe.one · 13h

Claiming TLOS Using SQRL Telos Wallet Tutorial

The Telos chain is live with all features being active except for unstaking.  Unstaking will become available at block 1,000,000 when the Telos chain hits full activation.In the video below we walk th...
11
EOS +3.75% · trybe.one · 19h

 EOS BET SCALING & CPU UPDATE

Obviously, CPU has (again) become a major issue on EOS mainnet. Initially, the solutions were simple, and during the first crisis we led the charge to successfully greylist blocktwitter from their spa...
13
EOS +3.75% · medium.com · 22h

Account whitelisting in EOS ZMQ plugin

As of yesterday, the ZMQ plugin for nodeos can be configured with whitelist options in order to limit the exported data to only accounts of interest. For example, When enabled, this option switches…