Cybersecurity company Check Point has warned that over 10 million people may have been exposed to malware through fake crypto apps promoted via online ads.
The campaign, known as “JSCEAL”, has been active since at least March 2024, according to a July 29 report by Check Point.
It works by imitating nearly 50 well-known cryptocurrency platforms, including Binance
$502.68M
, to trick users into downloading harmful software.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is BNB? The Truth Behind Binance Smart Chain (Animated)
Check Point stated that Meta’s internal data showed over 35,000 such ads were displayed in early 2025. The firm estimated that at least 3.5 million people in the EU saw these ads.
Since the campaign also mimicked platforms in Asia, where social media use is widespread, the global reach is believed to be much higher. However, Check Point explained that not every view results in infection, and the total number of actual victims is hard to confirm.
The malware is built with JavaScript, which runs without needing any further input from the user. Check Point said the code is hard to examine because it is heavily disguised.
If installed, the malware collects private information from the device. This includes things like keyboard activity that can reveal passwords, Telegram session data, stored login credentials, and browser cookies.
It can also affect crypto wallet browser extensions like MetaMask, which may increase the risk of unauthorized access.
Recently, Sentinel Labs discovered a hacking campaign that uses fake video meetings and disguised software updates to plant malware on Apple computers. How does the malware work? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
