Shocking! How Hackers Quietly Steal Your Crypto Assets Through Fake Phones?

You just bought a new phone, excitedly set everything up, downloaded a crypto wallet, and started funding it. Everything seemed to be going smoothly until one day, you noticed that the balance in your wallet suddenly disappeared. You might think, "I clearly followed the security guidelines, how could this happen?"

But you didn't realize that from the moment you powered on your phone, hackers had already quietly taken control of your device.

Fake Phone Scam: A Huge Threat Hidden in Your Hand

The so-called fake phone scam refers to devices that appear almost identical to genuine phones on the surface but are preloaded with malware on the inside. The target of these phones is to steal users' crypto assets, especially those who store cryptocurrency or conduct transactions.

This malware is often implanted during the device production stage, making it nearly undetectable. Hackers can directly steal your private keys, account information, and even conduct transactions without your knowledge through these phones.

How does this malware work?

The malware Triada is a representative example. It can deeply infiltrate the operating system and is very difficult to detect and remove. Once infected with Triada, hackers can:

Automatically replace transaction wallet addresses without your knowledge, transferring assets to their accounts.

Bypass security settings like 2FA to access all your financial information.

Install other malware to continuously monitor your device.

According to security experts, criminal gangs have already stolen a significant amount of cryptocurrency using this type of software.

How to Avoid Being a Victim?

Choose legitimate channels when buying a phone: Avoid purchasing devices from unknown e-commerce platforms or second-hand markets.

Regularly update security software: Keep your phone's system and applications up to date.

Be cautious when installing applications: Only download applications from official stores and carefully verify developer information.

Enable two-factor authentication: Ensure that all crypto-related accounts have 2FA enabled.

Use hardware wallets to store long-term assets: Try to avoid keeping crypto assets on devices like phones.