Don’t Get Scammed by These Fake Crypto Apps on the Google Play Store

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Cryptocurrencies proceed to develop in recognition, however as curiosity will increase, so does the creativity of scammers seeking to capitalize on a cultural shift to be able to rip folks off. According to a recent report by Trend Micro’s cybersecurity team, there are actually scores of pretend crypto mining and pockets apps on the Google Play Store duping customers into paying for faux providers like cloud mining and storage.

The report calls out eight apps specifically:

  • Bitcoin 2021
  • Bitcoin Miner – Cloud Mining
  • Bitcoin (BTC) – Pool Mining Cloud Wallet
  • BitFunds – Crypto Cloud Mining
  • Crypto Holic – Bitcoin Cloud Mining
  • Daily Bitcoin Rewards – Cloud Based Mining System
  • Ethereum (ETH) – Pool Mining Cloud
  • MineBit Pro – Crypto Cloud Mining & btc miner

Most of those apps have been hiding one in every of the identical two faux mining apps—both Trend Micro labeled “AndroidOS_FakeMinerPay” or “AndroidOS_FakeMinerAdvert”—that dupe customers into paying for faux cloud mining providers, normally at a $15 recurring month-to-month price. In actuality, none of the apps really mined or paid out cryptocurrencies to the customers.

Some additionally pushed paid adverts and further in-app purchases, and not less than two of the apps—Crypto Holic and Daily Bitcoin rewards—have been premium apps customers needed to buy to obtain.

Google delisted these apps from the Google Play Store following Trend Micro’s report. Delisted apps are subsequently disabled and faraway from any units they’re downloaded on, nevertheless it’s nonetheless smart to substantiate they’re deleted out of your Android telephone when you downloaded any of the apps listed above.

There are nonetheless extra faux crypto apps on the market

Unfortunately, even after these bans (and Google’s revision of its own crypto policies), Trend Micro’s researchers declare there are nonetheless greater than 120 different fraudulent crypto apps obtainable on the Play Store proper now. Some have been downloaded by over 100,000 customers. And these apps received’t be known as out or eliminated till it’s confirmed they’re, in reality, committing some type of crypto fraud.

As we remind you each time one in every of these malicious apps tales surfaces, be sure you totally vet each bit of software program you obtain. Stick to well-known apps and builders, and ensure to learn via the scores and evaluations—together with these on trusted websites like the Google Play Store. It’s value doing a fast web search, too, and even asking for a second opinion on a dependable dialogue discussion board.

Still, malicious builders will go out of their solution to make their apps look legit. Don’t pay for any apps, providers, or particular options except you’re sure they’re actual. If you’ve any doubts, don’t hand over your fee data or private knowledge. And when you’re already paying for an app that claims to supply cloud mining providers however you haven’t seen any returns, meaning it’s doubtless faux. Delete the app and report it instantly.

[Cointelegraph]

  

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About the Author: Daniel