Speaking precisely of scams against the less informed, Google has removed from the Play Store 8 applications for Android that referring to the world of cryptocurrencies were trying to obtain illicit gains by deceiving users.
The Trend Micro team has recently discovered the existence on the Google Play Store of 8 apps disguised as cryptocurrency cloud mining applications (detected as AndroidOS_FakeMinerPay and AndroidOS_FakeMinerAd), where users can theoretically earn cryptocurrency by investing money in a remote mining operation.
After analysis the panel of experts found that these malicious apps trick victims into watching advertisements, paying for services. zi subscription which have an average monthly fee of $ 15 and to increase mining capabilities without getting anything in return. The apps were promptly removed from the Play Store.
These are the fraudulent apps that are now no longer available on the Google Play Store:
BitFunds - Crypto Cloud Mining Bitcoin Miner - Cloud Mining Bitcoin ( BTC) - Pool Mining Cloud Wallet Crypto Holic - Bitcoin Cloud Mining Daily Bitcoin Rewards - Cloud Based Mining System Bitcoin 2021 MineBit Pro - Crypto Cloud Mining & btc miner Ethereum (ETH) - Pool Mining Cloud To convince users even more of their good faith, two of these apps were even offered as premium applications: Crypto Holic - Bitcoin Cloud Mining cost $ 12.99 while Daily Bitcoin Rewards - Cloud Based Mining System cost $ 5.99.
Some of the applications simply used random counters inserted in the UI to simulate mining operations, while others wrote explicitly on their terms of use (contradicting what was expressed in the descriptions of the same on the store) that it was simply a I play without any cryptocurrency mining functionality. As a result, developers weren't obligated to issue cryptocurrency payments to their users, and they also didn't guarantee a safe return for virtual goods and features purchased in the app.
Add together these 8 applications totaled nearly 200 thousand downloads, certainly generating a considerable profit for scammers.
When it comes to cryptocurrencies and especially when the earnings seem easy and within reach, you must always be very careful.
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