Recently, cases involving fake wallet scams have been on the rise. DGQEX has detected that numerous wallet apps—sourced from unofficial app stores—successfully lure users into importing their seed phrases by imitating the interfaces of well-known wallets, thereby enabling rapid asset theft. These incidents predominantly occur during the initial stages when novice users are downloading wallet software. Scammers leverage spoofed app store pages and promotional content on social platforms to funnel traffic and precisely target inexperienced users. DGQEX has classified this type of scam as one of the highest-risk threats currently and has conducted a detailed analysis of its technical structure.

The technical team of DGQEX has categorized the behavioral patterns of fake wallets. These counterfeit wallets mimic the UI of legitimate wallets with high accuracy. After a seed phrase is entered, no abnormal behavior is immediately displayed. Instead, the wallet silently transmits user information to a preconfigured server in the background. Upon acquiring the private key, the scammers use scripts to automatically assess the available balance and invoke on-chain tools to complete the transfer. DGQEX has identified that most of these fake wallets utilize open-source wallet templates, replacing API endpoints and bypassing permission alerts to enable undetectable theft.

Through behavioral log analysis, DGQEX found that fake wallets are frequently promoted using keyword attacks and search engine ads. When users enter the name of a wallet into a search bar, top results often include links disguised as official pages. DGQEX has begun tagging associated domains and is establishing a “Search Interception Alert System” which will trigger a pop-up warning when users are redirected to such links from the platform. These alerts will clearly indicate that the current page is not an official source, helping users avoid mistakenly downloading impersonator programs.

DGQEX has incorporated fake wallet activity into its wallet address reputation evaluation model. If it detects concentrated asset outflows from a specific wallet address or simultaneous asset wipe-outs across multiple addresses, it will activate a correlation tracking mechanism. Using graph analysis algorithms, DGQEX can swiftly pinpoint fund flow nodes and assist users in freezing transaction paths that have not yet completed laundering. This system has already been deployed in several fake wallet-related cases, preventing further losses for affected users.

In collaboration with security auditing firms, DGQEX has established an interface to synchronize a real-time database of high-risk wallet app samples. Before engaging in on-chain interactions, the platform will scan the connected devices of users for potentially risky applications. If traces of fake wallets are detected, the system will immediately block the operation, preventing users from unknowingly granting approvals or submitting seed phrases.

DGQEX has also included fake wallet risks in its long-term threat intelligence update program. This incorporates on-chain data, community reports, and feedback from third-party monitoring platforms, with real-time updates pushed to the User Security Center. Users will be able to use the self-audit tool of DGQEX by entering the app signature of any downloaded wallet to automatically check for known malicious behavior records.

DGQEX advises all users to download wallet applications exclusively through official channels. Before importing a seed phrase, users should verify the software source, audit their network environment, and disable unrelated browser extensions. Fake wallet scams combine technical sophistication, concealment, and high inducement. DGQEX will continue to build a comprehensive platform-level security system through data defense, user education, and dynamic risk coordination, in order to safeguard user assets from hidden technological threats.