One Download and Crypto Wallet Stolen.

What we’ll cover today:

🛑 Crypto Wallet Stolen With One Download

🔒 Is Your Gemini Crypto Account Closing Soon?

🔄 Big changes could be coming for Japan’s crypto investors.

1. Crypto Wallet Stolen With One Download

A dangerous app was hiding on Google Play for months.

It drained over $70K from users without them even knowing.

Disguised as the trusted WalletConnect, it looked like any other safe app.

But once downloaded, it silently drained wallets, targeting over 150 people.

Key tactics used by the malicious app:

• Clever disguise: It posed as a calculator to avoid detection.

• Evasion techniques: Passed Google’s checks by looking harmless.

• Fake branding: Used familiar names and logos to build trust.

• Permission trickery: Asked users to verify wallets, then drained them.

By the time users realized, their crypto was already gone.

Here’s the whole article

2. Is Your Gemini Crypto Account Closing Soon?

Gemini, the exchange run by the Winklevoss twins, is closing all Canadian accounts by the end of this year.

You’ve got 90 days to move your funds before December 31, or they’re gone for good.

Why is this happening?

Canada’s new tough crypto rules are shaking up the market.

Here’s what you need to know:

• Gemini accounts will be closed on December 31, 2024.

• Users have 90 days to withdraw their funds.

• New Canadian regulations are forcing exchanges to rethink their operations.

• Binance, OKX, and others have already left Canada.

Here’s the whole article

3. Big changes could be coming for Japan’s crypto investors.

It might mean paying a lot less in taxes.

The government is reviewing its tough rules on digital assets.

Key changes being considered:

• Taxes on crypto gains may drop from 55% to 20%.

• Crypto gains would be taxed at the same rate as stocks.

Japan’s strict regulations followed major scandals like the Mt. Gox hack.

But crypto trading is bouncing back, with volumes hitting almost $10 billion a month in 2024.

Major players exploring blockchain and crypto:

• Sony

• Mitsubishi UFJ Financial Group

Here’s the whole article