Crypto Opinions & News Crypto scam apps infiltrate Apple App Store and Google Play

Disclaimer: Any information contained on this forum is provided as general market commentary, and does not constitute investment, financial, trading or other sort of advice.


Level 74
Thread author
Honorary Member
Top Poster
Content Creator
Apr 24, 2016
Operators of high-yielding investment scams known as "pig butchering" have found a way to bypass the defenses in Google Play and Apple's App Store, the official repositories for Android and iOS apps.

Pig butchering scams have been happening for a few years. They use involve fake websites, malicious advertising, and social engineering. By adding fraudulent apps to official download platforms, scammers can gain a victim's trust easier.

Researchers at cybersecurity company Sophos say that the scammers are targeting victims on Facebook or Tinder and convince them to download the fraudulent apps and "invest" large amounts of money into assets purported to be real.

Sophos observed such a campaign from a China-based threat group named "ShaZhuPan," which shows high organizational levels with distinct teams doing victim interaction, finance, franchise, and money laundering.
The malicious apps used in the campaign that Sophos observed are named "Ace Pro" and "MBM_BitScan" on the Apple App Store and "BitScan" on Play Store.

About us

  • MalwareTips is a community-driven platform providing the latest information and resources on malware and cyber threats. Our team of experienced professionals and passionate volunteers work to keep the internet safe and secure. We provide accurate, up-to-date information and strive to build a strong and supportive community dedicated to cybersecurity.

User Menu

Follow us

Follow us on Facebook or Twitter to know first about the latest cybersecurity incidents and malware threats.