Key Highlights
- A fake Hyperliquid app was found impersonating the real app on Google Play.
- ZackXBT warned users about it on Telegram and shared a wallet link to the fake app.
- A similar scam on Apple’s App Store caused users to lose about $28,000.
A fake app impersonating the Hyperliquid platform has been spotted on the Google Play Store. The app poses a major risk to crypto users, as it copies the design and detailing of the official Hyperliquid app, tricking users into downloading it and giving away their wallet details. Once users share their recovery phrase, scammers take full control of their crypto wallets and empty their accounts.
Blockchain investigator ZachXBT identified the app and warned users about it.
“Community Alert: Be careful of a fake Hyperliquid app on the Google Play Store. None of these platforms seem to do a good job of filtering these scams out.” ZachXBT shared on Telegram.
He also commented on how Google’s system failed to detect and remove the app quickly. One of the wallet addresses connected to the fake app has a tag “0x8c12C21C394D9174c3b1a086A97d2C5523ABb8F5”.
Similar scam found on Apple’s App Store
A similar scam was uncovered last month when hackers used old developer accounts to upload fake crypto trading apps on Apple’s App Store. Crypto user PixOnChain shared the report at the time.
According to him, the app shows up high on “search, look 100% legit, but once you send funds, it’s instantly drained.” 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 developer’s name and make sure it matches the official company behind the real platform. Avoid downloading apps directly from search results; instead, visit the project’s official website and use the download links provided there.
In addition to that, it is advised to go through some users’ 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, it’s 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 ‘Bottom 5’ Jurisdictions for Crypto Scam Victims
