The Buyt Desk
Cryptocurrency is the most talked-about investment. Young professionals and students are aggressively investing in cryptocurrency. Everyone wants to own it. Even hackers are trying to encash this crypto craze. The sale and purchase of Cryptocurrency happen in a digital way. You download an app on the Crypto platform and make your transaction. Mobile users, especially Android users were duped by a few fake crypto-mining apps which were built to steal users data.
Google banned these 8 fake crypto-mining apps –
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BitFunds – Crypto Cloud Mining
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Bitcoin Mier – Cloud Mining
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Crypto Holic – Bitcoin Cloud Mining
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Bitcoin (BTC) – Pool Mining Cloud Wallet
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Ethereum (ETH) – Pool Mining Cloud
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MineBit Pro – Crypto Cloud Mining & BTC mining
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Bitcoin 2021
Hackers were using these apps to trick users and fetch out their banking transaction-related details for personal benefits. Google has removed these apps from the play store and has also warned users. These apps were installing malicious apps having adware and malware in their devices to fetch out crucial banking transaction-related data of the user. These apps made fake promises of crypto mining to their users. According to the security firm Trend Micro, these eight identified apps were charging fees for crypto mining services. The fee was taken through in-app billing and it ranged from $15 to $189. Apart from the in-app billing, the users were forced to view ads after paying a subscription of $15. While these apps are removed from the Google play store, many users might be having them installed on their devices. Google has warned users to remove these apps from the device as well.
The research report has claimed that the play store has over 120 fake cryptocurrency mining apps. These apps do not offer cryptocurrency mining facilities. Instead, they are deceiving users by making them watch irrelevant ads. The fake cryptocurrency mining apps have affected over 4,500 users all over the world from 2020-2021.
