Nowadays, the mobile phone is not just a means of talking, but it has become a mobile bank in our pocket. Especially when it comes to cryptocurrency, everything is done through an app. But be careful! If you also use crypto-related apps, then this news is very important for you.

According to a recent report, there are some dangerous apps on the Google Play Store, that look trustworthy, but in reality, they can silently clean up your entire crypto assets.

How do these apps commit fraud?

These fake apps have been designed by scammers in such a way that they look like real crypto wallet apps. The name, icon, and interface are all exactly like the real app. When a user installs them, these apps send him to a fake website, where the user is asked for his wallet recovery phrase i.e. secret code.

This is where the game begins. As soon as you enter your code, scammers get all the information about your wallet and your cryptocurrency flies away.

Which apps are in the list?

The list of these dangerous apps includes many names, which sound real. Such as:

Pancake Swap

Note that many of these names are repeated, that is, they may be present in different versions.

What to do if it is already installed in the phone?

1. First of all, immediately delete those apps that you cannot recognize or which look suspicious.

2. Go to the phone's settings, then go to the "Apps" section, select the app and tap "Uninstall".

3. If the app is not getting deleted, then go to Settings > Security > Device Admin Apps and close the access of that app, then try to uninstall it again.

4. If you have accidentally entered the recovery phrase somewhere, reset your wallet immediately and generate a new secure phrase.

How to avoid these scams?

Download apps only from the official website or trusted source.

Always keep two-factor authentication (2FA) on.

Keep checking the activity of your crypto wallet from time to time.

Do not share your recovery phrase on any app, no matter how real that app seems.

As fast as technology is progressing, the methods of fraud have also become smarter. If you take a little caution, you can keep your digital money safe. Remember, one wrong click can end your hard-earned money in a pinch.

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