Exodus Bitcoin Wallet: $490k swindle

In a recent incident, a Bitcoin investor was scammed out of 9 Bitcoin (worth $490k) through a fake “Exodus wallet” application on the Canonical Snap Store. This post details how the scam occurred, highlighting the lack of stringent processes at Canonical that allowed such malicious software to be published. The scam application appeared legitimate to the untrained eye, but upon closer inspection, it was found to be a Flutter-based application, unlike the genuine Electron-based Exodus Wallet. The scam app prompted users to enter their recovery phrase, which could then be used to empty their cryptocurrency wallet. The author warns against entering sensitive information into such fraudulent applications and calls for improved security measures within the Snap Store.

https://popey.com/blog/2024/02/exodus-bitcoin-wallet-490k-swindle/

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