Kaspersky: 2600 Cryptocurrency Theft Cases Caused by Low-Cost Android Phones Pre-installed with Malware

BlockBeats News, April 3rd, Cybersecurity company Kaspersky Lab recently discovered a large number of counterfeit Android phones pre-installed with malware being sold online at low prices. These devices have been implanted with the Triada Trojan virus, which can steal cryptocurrency and other sensitive data.

According to Kaspersky expert Dmitry Kalinin, attackers have successfully transferred about $270,000 worth of various cryptocurrencies by replacing wallet addresses, and the actual losses may be higher as the attackers also targeted privacy coin Monero. Currently, 2600 infection cases have been confirmed, mainly concentrated in Russia. This Trojan can penetrate the firmware before the device reaches the user and can intercept two-factor authentication SMS messages to steal account information.

Kaspersky advises users to only purchase devices from legitimate channels and to immediately install a security solution after purchase. (Cointelegraph)