ZachXBT Alerts to Fake Hyperliquid App on Google Play
Crypto investigator ZachXBT has uncovered a fake Hyperliquid app on the Google Play Store that mimics the official wallet interface to steal seed phrases and drain funds. This fake Hyperliquid app is linked to wallet address 0x8c12C21C394D9174c3b1a086A97d2C5523ABb8F5. Researchers at Cyble Intelligence Labs have identified over 20 malicious crypto apps on Google Play Store impersonating popular wallets and exchanges like SushiSwap and PancakeSwap. These phishing scams request 12-word recovery phrases and excessive permissions. Traders should verify app legitimacy via developer information and user reviews, download apps only from Hyperliquid’s official site or hardware wallets, enable two-factor authentication, reset passwords if affected, and report scams to Google. This incident underscores the need for robust crypto security, highlighting Google Play Store vulnerabilities and the importance of proactive app screening to protect digital assets.
Neutral
While the discovery of a fake Hyperliquid app and similar phishing threats raises concerns about crypto security, it is unlikely to directly impact the price of any token. Traders may become more cautious and favor hardware wallets or official sources, potentially slowing down adoption of some apps in the short term. However, the broader market for established cryptocurrencies like SUSHI and CAKE remains driven by on-chain metrics and macro factors. In the long term, improved security measures could enhance user trust and overall market stability, resulting in a neutral price impact.