What may shock many of us is that fake app makers are successful in trapping victims even though their method may seem primitive and no one would believe it. Launching a fake app in parallel with an advertising campaign can achieve good results for hackers. Here we can address Binance’s responsibility to contribute to achieving a large part of the security of its users by being aware of these fake apps or malicious links to publish warnings about them on its channels and alerting users. This may seem pointless, but it certainly has a direct impact and can contribute to reducing the damage that these attempts may cause.
These fake app makers usually buy a scam/phishing template from someone and then deploy it for themselves. They are not really app makers but they just re-distribute other people's malware. Particularly the kind that lets you steal other people's coins and send it to a server that another person controls, before sending it back out to you with a small comission attached.