Crypto wallet scams are on rise, users have reported a mobile phishing app masquerading as the Nami Cardano wallet designed to steal seed phrases and funds.
The fake wallet is available on the Apple App Store. If a user enters the seed phrase, the app steals the data and sends it to app developers. Giving the exploiter direct access to the ADA held on the actual browser-based Nami wallet.
Nami has also warned everyone of the scam with a tweet, saying they don’t have a telegram channel or a web wallet. Nami only has a chrome extension.
Also Read: Hacked Twitter Account of Actor Will Sasso Promotes ADA Giveaway
Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.
