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Update: Google Play Removes Third-Party Fraudulent App, Claiming to be ConsenSys-Made MetaMask

  • Yuri Molchan
    📰 News

    Fake MetaMask Android app has been removed from the Google Play Store after it turned out to hijack users’ crypto wallet data


Update: Google Play Removes Third-Party Fraudulent App, Claiming to be ConsenSys-Made MetaMask
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Just recently, Google’s popular Play Store has taken off a crypto app dubbed MetaMask. The piece of software proved to copy addresses from phone owners’ crypto wallets, where they just copy and paste addresses and steal their virtual riches.

Play Store seems to put apps up for sale without checking them first

The case with MetaMask turned to be an astonishing experience for the whole crypto community and yet another shot against Google’s Play Store, which has previously already been under criticism for selling apps without giving them a proper check first.

Google Play is not the only store where users buying apps can get a crypto ‘Trojan horse’ – apps that steal people’s crypto were also sold on other websites such as download.cnet.com, and in unofficial Android stores.


UPD Apr. 22, 2019

In February 2019, U.Today reported that the Google Play store had removed the ConsenSys-made MetaMask app, since it was stealing customers’ crypto assets by copying addresses from the phones that contained crypto wallets. The sources that U.Today used back then proved to be misleading, and a ConsenSys rep has recently contacted us to update on the situation.

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The official statement from the Ethereum software studio says that the app in question was a third-party clipper malware that presented a copy of the MetaMask app. MetaMask and ConsenSys remain well-reputed brands that have not stained themselves with hacking or any other illegal activities and continue to be in the chain of leaders in blockchain software development.

 

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It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future


It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future
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Blockchain is commonly known as an immutable ledger that is impossible to hack, but there is always a looming threat of quantum computers. HCASH Chief Scientist Dr Joseph Liu, who claims that every single cryptocurrency can be hacked in a matter of seconds, has come up with his own coin that won’t be threatened by quantum hackers.

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The inevitable quantum takeover     

Quantum computers are generally considered to be the Achilles’ heel of Blockchain-based cryptocurrencies, including Bitcoin. IBM has already announced its first quantum computer with Google and Intel also working in that direction in 2019.


IOTA, which is powered by DAG dubbed ‘Tangle’, is considered to be the only quantum-proof cryptocurrency on the market, but there could be yet another option – Hypercash that recently presented its post-quantum secure Ring CT protocol.    

‘If you want to use this computer to break the … normal security, it’ll take maybe 500 years to break the system. If you use a quantum computer, maybe several seconds. Hcash is trying to provide security, even in the existence of this future computer,’ – he claims during a recent interview.

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A precursor to Monero     

The aforementioned quantum-resistance cryptocurrency is based on Liu’s research paper about a ‘linkable ring signature.’  Fun fact: that paper, which was published back in 2014, was used by the creators of Monero as the basis for the flagship privacy coin.

The Ring Confidential Transaction (RingCT) allows having an external verifier without exposing who that verifier is. Liu didn’t expect the coin to produce any significant impact, but now he is eager to improve the protocol of the billion dollar currency without getting any financial gains.

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High hopes for Blockchain

Despite his gloomy prediction about the quantum takeover, Liu is still certain that the future of Blockchain is bright. He is certain that there will be an increasing number of Blockchain-related jobs that will be coupled with growing academic interest in cryptography. There is will be many use cases of Blockchain technology in different spheres of our life.

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