WalletConnect Scam: A Case Study in Crypto Drainer Tactics

Sept. 26, 2024, 6:10 p.m.

Description

An investigation uncovered a malicious app on Google Play targeting mobile users to steal cryptocurrency. The app, posing as a legitimate WalletConnect tool, used advanced evasion techniques to avoid detection for nearly five months. It achieved over 10,000 downloads through fake reviews and branding. The attackers used social engineering and a modern crypto drainer toolkit, stealing approximately $70,000 from over 150 victims. The malware, identified as MS Drainer, supports multiple blockchains and employs sophisticated methods to drain user wallets. This case highlights the growing sophistication of cybercriminal tactics in decentralized finance, emphasizing the need for vigilance among users and improved security measures in app stores.

Date

Published Created Modified
Sept. 26, 2024, 5:54 p.m. Sept. 26, 2024, 5:54 p.m. Sept. 26, 2024, 6:10 p.m.

Indicators

ea526792150e71402f896ddaf1f04aedcb1356aea3bfebbcaf6c90bcdde7aa0c

bf557e975733c113acc38daa18ca1849a1022b4c30b118899f68210cd3c7f990

42330ccaaacea8a18794c7e9fad100de31ea415bff7821e407b9ac70ef690032

Attack Patterns

MS Drainer

T1204.003

T1056.004

T1608.001

T1102.002

T1528

T1534

T1585.001

T1185

T1204.001

T1059.007

T1055

T1219