Over 20,000 People Have Downloaded Fake Cryptocurrency Apps

"Scam app are launch every time in internet so stay safe."
"The open web can be a dangerous place for cryptocurrency users. Phishing, trojans, and social engineering all come with the territory, ensuring that even the savviest of bitcoin-holders must remain alert. Within the walled gardens of Apple and Google’s app stores, however, there’s an assumption that if a mobile app has been vetted and downloaded in the thousands, it must be safe. That assumption couldn’t be further from the truth, as scores of users have discovered to their peril."

"Fake Apps with Real Consequences.
Neither the Google Play or App Store is immune from its share of fake, spammy, or fraudulent apps. But it is Android users who tend to suffer most at the hands of unscrupulous developers."

"For users only taking a cursory glance at the app before hitting “Download”, it is easy to be taken in by the familiar logo and screenshots from the trading platform. A close inspection reveals a string of typos, suggesting that all is not right, an assessment which is borne out by the app’s average rating of just one star, based on 162 reviews."

"Before click think twice.
The average web user might think twice before clicking on a suspicious email link, but will scarcely scrutinize the top result that appears in an app store. Judging by the hundreds of disgruntled comments, the “Poloniex ® Offical App” does nothing more than steal users’ account credentials followed by their coins."

"After download who's to blame ?
The Poloniex app is by no means the only fraudulent one of its kind – there are at least five apps bearing the Poloniex name on Google Play alone. One of the reasons why Poloniex has been so easy to impersonate is because the exchange lacks its own official mobile app. This leaves a void which scammers have been only too happy to fill. If Poloniex was to issue its own app, as most of its peers from Coinbase to Bitfinex have done, it would eliminate or hide most of the imitations in one fell swoop."

"There for Stay Safe and Think Before You Click."
Users seeking to install a mobile app for their preferred cryptocurrency exchange, ticker or wallet would be advised to click on links from the official exchange, ticker or wallet site rather than risk stumbling upon a fraudulent version within an app store. Even when clicking on legitimate links, however, it pays to be cautious."