Criminals mimic Poloniex in Google Play

Fake Poloniex cryptocurrency trading apps found in Google Store
26 October 2017   1103

One of the most popular cryptocurrency exchanges, Poloniex, fells prey to cybercriminals. Thus, due to the Poloniex's lack of an official app, the fraudsters managed to lure users into downloading credential stealing malware.  

ESET security researchers discovered variations of the app in the Google Play store on two separate occasions:

  • “Poloniex”, which was downloaded up to 5,000 times, despite having bad reviews
  • “POLONIEX EXCHANGE” using the developer name “POLONIEX COMPANY”,  was downloaded by up to 500 users

The app managed to harvest Poloniex login credentials as well as to trick victims into making their Gmail accounts accessible to the malicious app allowing them to control notifications to the user about unauthorized logins and transactions. Once exploited, the app attempts to appear functional by redirecting users to the mobile version of the legitimate Poloniex website.

If you're a Poloniex user and have installed any of these malicious apps on your device, start by uninstalling them. Make sure to change both your Poloniex and Gmail passwords and consider enabling 2-factor-authentication for both services.

ESET research team

Both Google and Poloniex have been notified of the malicious imposters. In order to prevent similar attacks, the users are recommended to check twice before downloading and using any app, to pay attention to app ratings and reviews, and be cautious of third party apps triggering alerts and windows appearing to be connected to Google.  

Poloniex to be Offline on 17.12

The reason for the full exchange stop is engineering works
12 December 2018   107

Poloniex Cryptocurrency Exchange will conduct scheduled maintenance on December 17 at 14:00 UTC. Because of this, the site site will go offline for several hours, and all trading on it will be suspended.

As part of our efforts to improve your Poloniex experience, we’ll be conducting planned maintenance December 17th at 14:00 UTC. This will take several hours, and during that time the site will be offline and trading will be suspended.

Poloniex at Twitter

Representatives of the exchange also guaranteed the safety of all user tools for the maintenance period.

It is expected that the update will allow to upgrade Poloniex, in particular, to move to new data processing centers, which will increase reliability and uptime.

Actual progress information will appear in the exchange account on Twitter.

According to CoinMarketCap, Poloniex is ranked 46th in terms of daily trading volume - $ 21.7 million.