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Fake Crypto Apps: How 'BOM' Stole Millions

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by Giorgi Kostiuk

2 hours ago


Fake crypto apps have reached new peaks, leading to significant financial losses. Slowmist's report highlights the danger of 'BOM’, which has stolen millions in cryptocurrency.

'BOM' App Report

'BOM', a fake application, wiped out $1.82 million in crypto from users, according to a Slowmist report dated February 27, 2025. On Valentine's Day, several users reported unauthorized access to their crypto assets.

Theft Methods and Consequences

'BOM' used mnemonic and private key stealing techniques, prompting access to media and photo devices. Slowmist termed 'BOM' a scam, aimed at looting user funds. The main theft address has stolen funds from 13,000 users.

On iOS, the app first requests permissions, deceiving users with a message claiming access is necessary for normal operation.

Attacks Amid Crypto Market Surge

With the rise in crypto prices, hackers have become more active. Reports suggest Bybit was hacked, leading to losses over $1 billion. When prices peak, hackers are more active, as seen in 2024, with the crypto market losing over $2 billion.

The rise of fake crypto apps and increasing hacker attacks demand heightened vigilance from users. Experts recommend avoiding granting unnecessary access to personal data.

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