Lace, the Web3 wallet built specifically for the Cardano ecosystem, has issued an urgent warning to its community regarding a phishing scam currently targeting mobile users.
According to an alert posted on the official Lace X (formerly Twitter) account, fake applications impersonating the wallet have now appeared on both the Apple App Store and Google Play.
The "SK App technology" threat
The fraudulent applications are currently listed under the developer name "SK App Technology."
Scammers frequently use fake wallet apps to trick unsuspecting cryptocurrency holders into downloading the software and inputting their private recovery phrases.
The attacker can easily steal the victim's crypto once they gain access to their seed phrase with the help of the bogus application.
The catch
It is worth noting that the official Lace mobile app does not currently exist.
Developed by Input Output Global (IOG) (the core development firm behind the Cardano and Midnight networks), Lace is currently only available as a desktop browser extension for Chrome, Brave, and Firefox. While a mobile version is on the company's official roadmap, it has not yet been released to the public.
"Our official mobile app is NOT live yet, we’ll announce it here first," the Lace team emphasized in their alert.
The developers are urging the Cardano community not to fall into the trap and simply ignore any mobile app store listings with the Lace logo.
One has to rely only on the official website (lace.io) for legitimate downloads. Future announcements regarding the actual mobile release are going to be posted on the website.
Dan Burgin
U.Today Editorial Team
