Fake Poloniex Phishing App Found on Google Play

ESET security researcher found a malicious Poloniex copy app designed to phish users' data
28 March 2018   205

ESET security expert Lucas Stefanko discovered a suspicious application of the Poloniex exchange, the true purpose of which was the theft of user data. This is reported by The Next Web.

Lukas Steefanko Tweet
Lukas Steefanko Tweet

Stefanko notes that when he first came across this application, it was at the "bait stage", that is, redirected users to the real Poloniex site, while its developers accumulated a reputation and user base.

Once hundreds/thousands of users are logging into Poloniex through it, then it removes redirection and display only phishing screen to gain credential.
 

Lukas Stefanko

ESET

This time, Google quickly removed malicious software from its application store. Whether the attackers could realize their plan before the application was deleted is unknown.

Circle Buys Poloniex Cryptocurrency Exchange

Circle, a cryptocurrency-focused financial-services firm, announced today that it is buying crypto exchange Poloniex
26 February 2018   1283

Circle, Goldman Sachs-backed payments company, has aсquired U.S. cryptocurrency exchange Poloniex in order to extend its commitment to a new vision for global finance.

Boston-based Circle operates its app-based peer-to-peer payment network using blockchain, the technology which first emerged as the system underpinning cryptocurrency bitcoin. It is also one of the leading players in the over-the-counter market for bitcoin trading.
One of the most well-funded blockchain startups, its investors include Goldman Sachs Group Inc and Baidu Inc.

Circle expects to grow the Poloniex platform beyond its current incarnation as an exchange for only crypto assets. The company envisions a robust multi-sided distributed marketplace that can host tokens which represent everything of value: physical goods, fundraising and equity, real estate, creative productions such as works of art, music and literature, service leases and time-based rentals, credit, futures, and more.

We have recently reported that the Chinese bitcoin-giant BTCC was bought by an unnamed investment fund from Hong Kong.