Security firm warns against new malware called Crocodilus that can steal Android users' crypto wallet keys

PANews reported on March 31 that according to BleepingComputer, researchers from the security company ThreatFabric stated that a new malware called Crocodilus can steal seed phrases from Android users' wallets. The malware spreads through a proprietary driver and bypasses security protections on Android 13 (and higher versions), without triggering Play Protect when users install the malicious software. The malware uses screen overlay to issue false warnings to users, claiming "backup wallet seed phrases within 12 hours" or risk losing wallet access.