AtoZ Markets has learned that a fake Uniswap app has been spotted on Google Play and some victims have allegedly lost thousands of dollars to it.
November 20, 2020 | AtoZ Markets – A fake application of the Uniswap decentralized exchange has been discovered on the Google Play app store, which steals cryptocurrency from users. One of them has already lost $20,000.
Just had a member of ours lose $20k to a fake @UniswapProtocol mobile App on @GooglePlay store as it has 100 fake positive reviews so he trusted to input private key backup phrase.— Alex Saunders 🇦🇺👨🔬 (@AlexSaundersAU) November 19, 2020
Please retweet this. Please report the App. 🚨💳⚠️https://t.co/uY3NQz3pFn pic.twitter.com/PXjmdsvPP3
The victim was an acquaintance of Nuggets News founder Alex Saunders.
“The app has 100 fake positive reviews, so he trusted it and entered the phrase to recover the private key,” Saunders wrote.
Uniswap does not have an official mobile app on Google Play
The latest release of the application was posted on November 10 by a certain developer Unidex. It has been installed over a hundred times. At the same time, Uniswap does not currently have an official mobile application.
Users who have downloaded the application are advised to transfer cryptocurrency to a new wallet.
At the time of writing, the fake app is still available for download.
Recall that applications aimed at stealing cryptocurrency have repeatedly appeared on Google Play. In November 2018, four fake wallets for Neo, Tether, and Ethereum were discovered there. The latter also posed as MetaMask.
In May 2019, over a thousand users downloaded the fake Trezor Mobile Wallet app disguised as a popular wallet.
At the beginning of March 2020, applications broadcasting news from the bitcoin and blockchain industry began to disappear from Google Play.