The cryptocurrency industry is rife with scams. Numerous fake projects exist on the market today. There has also been a notable increase in malicious mobile applications. It seems one such app claims to be related to the Crypto-bridge exchange platform. However, the company confirmed they do not have a mobile app at this time.
The Fake Crypto-Bridge App
Mobile applications are crucial in the cryptocurrency industry. Most currencies and companies offer one for all major mobile OSes. In the case of Crypto-Bridge, that situation is a bit different. There is no mobile app at this time. A bit of an unfortunate aspect, but it is to be expected. Their platform is still under development as of right now. As such, there is no reason to focus on mobile as of right now.
Surprisingly, it seems there is a Crypto-Bridge app for Android. It has nothing to do with the exchange in question. Nor is it developed by the company’s team. As such, it is best to avoid this application altogether. Over 50 individuals have downloaded it so far. It is unclear if they lost any money because of it. Apps like these are designed to obtain account credentials of unsuspecting users.
The Worrisome Trend Continues
Cryptocurrency users will be familiar with fake applications. This trend has been present for many years now. Especially as more users flock to mobile, these issues will remain prevalent. There are many people who trust any mobile application they come across. As long as it looks genuine, they will trust it.
In the case of this fake app, it looks convincing. The logo is the real deal and the screenshots seem convincing enough. Those are the biggest pitfalls users need to be aware of in this day and age. The negative reviews of the application are also a telltale sign. Always check the comments before downloading mobile applications. Especially where cryptocurrency is concerned, nearly half of the apps are fake these days.
Disclaimer: All information provided in this article is for educational and entertainment purposes only. MNMMG Does not offer investment advice and is not responsible for any financial losses sustained by its readers.