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SlowMist Uncovers Snap Store Exploit Targeting Crypto Users

Key Takeaways

  • ​Attackers hijacked Snap Store developer accounts by re-registering expired domains and used them to spread fake wallet apps;
  • The malicious apps mimic real crypto wallets like Exodus, Ledger Live, and Trust Wallet to steal recovery seed phrases;
  • SlowMist confirmed that two Snap Store publisher domains were compromised.

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SlowMist Uncovers Snap Store Exploit Targeting Crypto Users

Blockchain security company SlowMist has reported a new security issue affecting Linux users.

Attackers are using trusted apps on the Snap Store to collect crypto wallet recovery phrases and steal funds.

According to SlowMist’s chief information security officer, 23pds, the attackers are taking over Snap Store publisher accounts by registering expired domains. These accounts, once controlled, are then used to push fake updates through official channels.

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The fake apps are made to look like real crypto wallets, including Exodus, Ledger Live, and Trust Wallet.

When users install or update the app, they are asked to enter their wallet recovery phrases. The attackers then capture these details and gain access to the users’ funds.

SlowMist explained that the attackers monitor developer accounts linked to domains that have expired but were once legitimate. Once the domain becomes available, they register it and use email addresses tied to that domain to reset the account password.

After gaining access, the attackers can add harmful code through normal software updates instead of creating new apps, which helps them avoid suspicion.

SlowMist confirmed that two publisher domains, “storewise[.]tech" and “vagueentertainment[.]com", have already been compromised.

CertiK traced about $63 million in Tornado Cash deposits linked to the $282 million crypto wallet hack on January 10. What did the blockchain security firm say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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