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A Comparative Study on the Security of Cryptocurrency Wallets in Android System

Minfeng Qi,Zhiyu Xu,Tengyun Jiao,Sheng Wen,Yang Xiang,Gary Nan

Published 2022 in International Conference on Trust, Security and Privacy in Computing and Communications

ABSTRACT

The security of crypto wallets is a major concern in light of the recent prevalence of thefts. Aiming at the problem that there is no complete and reliable security detection model for Android-based crypto wallets, this study provides an evaluation framework based on the standard Android application security detection and unique security assessment of crypto wallets. The framework presents an attack-based detection approach, which identifies potential wallet security issues by simulating attacks and exploiting vulnerabilities. Ten popular Android crypto wallets are evaluated and compared to validate the framework’s practicability and accuracy. The test results demonstrate that the framework can accurately reflect the performance security of wallets. Additionally, the study proposes the corresponding actions to address the identified common security threats in crypto wallets.

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