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<p class="is-style-lead">UniSat warns users of a malicious Bitcoin wallet hosted on Apple’s app store as BTC exchanged hands 5% below the asset’s all-time high.&nbsp;</p> 
<p>On April 1, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) wallet provider UniSat alerted the cryptocurrency community to a fake iOS app version of its decentralized digital asset storage solution. The imitation, dubbed “unisatWallet,” is provided by Zunyi Yibai Network Technology.&nbsp;</p> 
<p>It’s unclear how long the app has <a href="https://x.com/unisat_wallet/status/1774756216541257953?s=20" target="_blank" rel="noreferrer noopener">existed</a> on Apple’s application marketplace, and crypto.news could not verify the persons behind Zunyi Yibai. As of this writing, the app also had no reviews, and users had not reported any losses.</p> 
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   <p lang="en" dir="ltr">⚠️Please be cautious:<br><br>It's a scam project.<br><br>⭕️The <a href="https://twitter.com/hashtag/UniSat?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#UniSat</a> iOS App versions currently available for download are NOT official releases. <a href="https://t.co/VlQtB1VhCC" target="_blank">pic.twitter.com/VlQtB1VhCC</a></p>— UniSat – Inscribe your dream. (@unisat_wallet) <a href="https://twitter.com/unisat_wallet/status/1774756216541257953?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">April 1, 2024</a>
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<p>The counterfeit Bitcoin wallet was likely created to steal users’ assets by obtaining private keys and compromising seed phrases. </p> 
<p>Private keys and seed phrases are alphanumeric features attached to crypto wallets for security purposes.&nbsp; These components allow participants to recover or migrate their wallets to separate devices. Conversely, hackers can also use the tools to drain tokens from a decentralized address.&nbsp;</p> 
<p>Last year, the startup said its Bitcoin wallet boasted over 300,000 weekly users. The data was cited using Google Chrome Store analytics. <a href="https://crypto.news/bitcoin-inscriptions-wallet-unisat-unveils-cutting-edge-developer-services/" target="_blank" rel="noreferrer noopener">UniSat</a>, like other wallet solutions such as MetaMask, primarily operates as a browser plugin and allows users to leverage the tool via their PCs on the go.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/bitcoin-inscriptions-wallet-unisat-unveils-cutting-edge-developer-services/"> Bitcoin inscriptions wallet UniSat unveils cutting-edge developer services </a> </p> 
<h2 class="wp-block-heading" id="unisat-rocked-by-brc-20-double-spend-exploit">UniSat rocked by BRC-20 double-spend exploit</h2> 
<p>The warning comes nearly a year after UniSat suffered a double-spend attack. In April 2023, exploiters <a href="https://crypto.news/unisat-wallet-suffers-several-double-spend-attacks/" target="_blank" rel="noreferrer noopener">siphoned</a> BRC-20 assets from the platform’s Ordinals marketplace due to a codebase bug.</p> 
<p><a href="https://crypto.news/bitget-stacks-workforce-amid-growing-interest-in-bitcoin-brc-20-tokens/" target="_blank" rel="noreferrer noopener">BRC-2O</a>, an acronym for Bitcoin Request for Comment, is a token standard powering fungible asset creation on Bitcoin’s network. The concept is similar to Ethereum’s ERC-20 and is touted as a delivery mechanism for defi on BTC’s blockchain.&nbsp;</p> 
<p>Pseudonymous developer Domo created the standard in March last year based on the Ordinals protocol designed by Casey Rodarmor. The sector has grown into a $3 billion market since then, per CoinGecko.&nbsp;</p> 
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  Top BRC-20 tokens | Source: CoinGecko
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<p> Read more: <a href="https://crypto.news/brc-20-trading-volumes-surge-10x-since-november-2023-data-shows/"> BRC-20 trading volumes surge 10x since November 2023, data shows </a> </p>

Bitcoin wallet UniSat warns of fake Apple iOS app

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