Gamepost.io
  • News
  • Developers
  • NFT
  • Metaverse
  • DeFi
  • Education
  • Glossary
  • Press Release
Reading: FBI warns of fake play-to-earn gaming apps used by threat actors to steal crypto
Share
Aa
Gamepost.ioGamepost.io
Search
  • News
  • NFT
  • Metaverse
  • DeFi
  • Education
  • Events
  • Bookmarks
  • Contact
  • Contributors
Follow US
© Gamepost.io
News

FBI warns of fake play-to-earn gaming apps used by threat actors to steal crypto

Gamepost
Last updated: 2023/03/10 at 2:45 PM
Gamepost
Share
2 Min Read
SHARE

The FBI has issued a warning that threat actors are stealing millions of dollars in cryptocurrency by impersonating play-to-earn gaming apps. According to the agency, cybercriminals are luring users with financial incentives, prompting them to create a cryptocurrency wallet, purchase cryptocurrency, and join a specific game app.

Contents
Fake play-to-earn appFBI suggestions

Fake play-to-earn app

The apps are designed to accrue fictitious rewards that vanish when users stop depositing funds into the linked wallets. Criminals then use a malicious program to steal the money, which is activated when users join the game. Even if victims pay additional fees to reclaim their funds, they are unable to do so.

FBI suggestions

The FBI recommends that users create separate wallets for their primary cryptocurrency holdings and use third-party blockchain explorers to independently verify the balances of addresses in gaming wallets. Furthermore, a third-party token allowance checker can assist users in determining which sites or apps have been granted access to their funds.

This attack model employs social engineering schemes in which attackers contact victims online and develop a relationship with them over time in order to entice them to download fake apps.

According to Sophos cybersecurity, cybercriminals have discovered a way to add fraudulent apps to Apple and Google’s official app stores in order to carry out “pig butchering” scams. Remote content is being used by scammers to provide codes that allow fraudulent apps to appear legitimate to app store reviewers. When the apps are approved, they display a fake CryptoRom trading interface.

Related

You Might Also Like

MetaTower, the largest metaverse ecosystem, announces listing on Kanga

Planetary Metaiverse – get your free unique Soulbound Avatar

Xsolla Launches Mall, An Online Destination For Video Games

MixMarvel and Yeeha Games Announce Trailblazing Partnership at Exclusive TOKEN2049 Side Event

Project BulletChain, which raised $2M in Private Sale, Announces Closed Beta

TAGGED: crypto wallets, cyber security, FBI, web3 games
Share this Article
Facebook Twitter Email Print

New Releases

- Advertisement -
Ad imageAd image

Trending Stories

Partnership

Leading European Blockchain Festival – Next Block Expo Returns to Berlin

September 7, 2023
Learn

Play-to-Own in Web3 Gaming

March 20, 2023
News

Coindot: Empowering Charitable Donations through Blockchain

June 25, 2023
News

Why Web3 Gaming Could Reshape Online Gambling

March 11, 2023
News

Introducing Cryptopia: The Metaverse Game thats Reshaping The Future of Blockchain Gaming

July 31, 2023
Technology

LG Expands Its Ultragear Gaming Monitor Lineup

August 26, 2023

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Follow US on Social Media

Facebook Twitter Instagram Linkedin
Gamepost.io

More from Gamepost.io

  • Contact
  • Privacy Policy
  • Advertising
  • Subscribe
  • Submit a press release
Welcome Back!

Sign in to your account

Lost your password?