RATE Group | Ethereum Scam Swindles Over $40,000 From Unsuspecting Android Users
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Ethereum Scam Swindles Over $40,000 From Unsuspecting Android Users

21 Aug Ethereum Scam Swindles Over $40,000 From Unsuspecting Android Users

Posted at 20:44h in Ethereum News by

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$400 For A Logo… Woops 

For years, the cryptocurrency industry has been rife with unbridled creativity from an amassment ofindividuals. While this innovation has resulted in some unique projects, products, and services, creative and near ingenious crypto-related scams have become a common, near-daily sight for many consumers.

Lucas Stefanko, a European cybersecurity researcher, recently brought attention to a new Ethereum-centric scam on the Android Google Play store that was unique in its own right. According to Stefanko, the scam was just an app, one that costs €335 (~$390) that is, that portrayed itself as “Ethereum.”

As the image implies, the app claims to sell “just an Ethereum” for 335 Euros, or approximately $100 over the current value of a single ETH token. While the exorbitant price would…

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