Fake Hyperliquid app on Google Play targets users in new crypto phishing scam

Source Cryptopolitan

A fake app impersonating Hyperliquid, a decentralized perpetuals exchange, has been found on the Google Play Store, highlighting ongoing issues with app store moderation and scrutiny for malicious software. 

Famous crypto sleuth, ZachXBT, in a public warning issued on his personal Telegram channel, has tagged the app a scam designed to steal users’ funds by phishing for wallet credentials or private keys. 

Lack of scrutiny exposed as fake Hyperliquid app pops up on Google Play Store
A malicious fake app impersonating Hyperliquid on the Google Play Store. Source: ZachXBT via Telegram

Hyperliquid does not have an official mobile app

In the warning post he shared on Telegram, Zach warned his followers of the “fake Hyperliquid app on the Google Play Store” while complaining about how platforms like the Play Store don’t do a good job of filtering out these scams.

He also included a theft address, 0x8c12C21C394D9174c3b1a086A97d2C5523ABb8F5, and according to reports, the Ethereum address has already been linked to thefts exceeding $281,000.

The news comes months after cybersecurity firms like Cyble identified over 20 similar phishing apps on the Play Store that were built to deliberately mimic popular crypto platforms, like Hyperliquid, SushiSwap, and PancakeSwap, sites known to routinely interact with user wallets through web interfaces. 

Apps created for deceptive purposes like these are often able to evade detection by using legitimate-looking icons, descriptions, and even fake reviews, factors that exploit Google’s review processes as they help them assume a legitimate persona similar to the actual apps they are mimicking. 

The latest episode in focus is Hyperliquid, but the platform has never had an official mobile app, so any listing like that should be deemed fraudulent. 

Scammers are using Google’s infrastructure for malicious purposes

ZachXBT’s warning comes a few weeks after another famous crypto personality on X who goes by the moniker Mztacat highlighted another way scammers have been using Google to do their dirty work. 

According to Mztacat, scammers have been running Google ads for different sites, and all of these ads reportedly go to phishing sites hosted on “sites.google.com.” The post was attached to a screenshot he called a “perfect example” of why people get scammed in crypto searches. 

According to him, this happens because the “Sponsored” result at the top is a fake Uniswap link hosted on Google Sites, rather than the real Uniswap domain, and clicking it would drain the wallets of anyone who approves. 

He also attached a video highlighting the trick, pointing out that only people who were paying attention would have been able to tell there was something wrong. 

While news like this turns up from time to time on various platforms from X to Reddit, it is crucial to acknowledge that there has been an increase, and they have gotten smarter. Those who do not fall for phishing links presented by fake apps on the Google Play Store can be scammed by a phishing link from a Google-recommended site. Those who avoid those pitfalls can become victims in apps like Telegram, where some users have reported they were scammed by fake support teams. 

Overall, the emphasis on vigilance in crypto spaces cannot be overstated, especially since the law in many countries is yet to make provisions for crypto-related victims.

Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Samsung Electronics Forecasts Stronger-Than-Expected Q3 Profit on AI Demand Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
Author  Mitrade
Oct 14, Tue
Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
placeholder
Dollar Gains as US-China Trade Tensions Ease The U.S. dollar remained steady on Tuesday following a shift in President Donald Trump’s harsh stance on tariffs against China.
Author  Mitrade
Oct 14, Tue
The U.S. dollar remained steady on Tuesday following a shift in President Donald Trump’s harsh stance on tariffs against China.
placeholder
Asian Stocks Mixed as Commodities Pause and Yen Draws AttentionAsian equity markets struggled to close the week on a weak note Friday, influenced by ongoing losses on Wall Street that extended into early Asian trading.
Author  Mitrade
Oct 10, Fri
Asian equity markets struggled to close the week on a weak note Friday, influenced by ongoing losses on Wall Street that extended into early Asian trading.
placeholder
Oil Prices Hold Steady Amid Gaza Ceasefire and US Sanctions Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.
Author  Mitrade
Oct 10, Fri
Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.
placeholder
Bitcoin drops below $110K ahead of $22B options expiry; altcoins tumbleBitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
Author  Mitrade
Sept 26, Fri
Bitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
goTop
quote