My cousin's crypto app steal his info last month

I tried out a new crypto tracking app that a friend recommended to keep an eye on my small investments. Within a week, I started getting weird login alerts from my bank and a credit card I barely use. Turns out the app had some kind of data scraper built in that grabbed my credentials. My cousin lost about $600 before he caught it and shut everything down. The lesson I learned is to never connect a random app to your bank accounts just for convenience. Has anyone else been burned by a seemingly harmless finance tool like this?

3 comments

3 Comments

sethm589d ago

Hold on, are you sure the app was the culprit and not something else? I've used a few finance tracker apps over the years and never had that problem, but I also never give them my actual login info. Most of them let you manually enter transactions or import a statement file which is a lot safer. It sounds like your cousin might have downloaded something that looked like a legit tracker but was actually a fake, or maybe he clicked a bad link. Those scam apps are everywhere but a real crypto tracker wouldn't need your bank login to show you prices or portfolio changes. Connecting a tracker directly to your bank is asking for trouble, and that's not the app's fault so much as a bad security choice.

bell.jessica8d ago

yeah fair point ngl this actually made me rethink how i use apps

johnson.eva8d ago

Changed my whole view on this honestly. I used to be one of those people who linked everything to trackers because it was "easier." Never got burned myself but my buddy did last year. Lost about 800 bucks when a "portfolio app" cleaned out his checking account. He swore up and down the app was a scam but looking back he downloaded it from some random reddit link. Real apps let you do manual entry or import a CSV file. That's the safe way. Your post finally made that click for me.