šØ Fake Hyperliquid App Spotted on Google Play Store ā Hereās How to Protect Your Crypto
Scammers are at it againāthis time impersonating Hyperliquid, a leading perpetual futures DEX, with a fake Android app.
Security researchers flagged the malicious app, which mimics Hyperliquid's interface to steal seed phrases and drain wallets. No funds were reported lost before Google took it down.
š Red flags: Misspellings in the developer name, excessive permissions requests, and zero user reviews.
š Pro tip: Always verify app links via official project channels. Bonus cynicism: If the yield looks too good to be true, it's probably someone else's exit liquidity.
The fake Hyperliquid app | Source: Google Play Store
Similar scam found on Appleās App Store
A similar scam was uncovered last month when hackers used old developer accounts to upload fake crypto trading apps on Appleās App Store. Crypto user PixOnChain shared the report at the time.Ā
According to him, the app shows up high on āsearch, look 100% legit, but once you send funds, itās instantly drained.ā Two users reportedly fell victim to the scam and lost $28,000 to one of these apps.
How to avoid falling for fake crypto apps
To avoid these scams, users are advised to be extra careful before downloading any crypto-related app. Always double-check the developerās name and make sure it matches the official company behind the real platform. Avoid downloading apps directly from search results; instead, visit the projectās official website and use the download links provided there.
In addition to that, it is advised to go through some usersā reviews sometimes to see if there are reports of the app being involved in any suspicious activity.
Also, if the app requires you to provide your 12-word recovery phrase or private key, itās a clear sign of a scam; no genuine crypto app will ever request this information. Users should also be wary of apps with few downloads, poor spelling, or unusual permissions like access to contacts or messages.
Also Read: ZachXBT Lists āBottom 5ā Jurisdictions for Crypto Scam Victims
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