Google Playstore has banned and removed eight(8) malicious crypto-mining apps from Playstore. According to Reuters (via HiTech), these apps were used to lure people interested in making money from cryptocurrencies to watch videos and pay subscription fees without receiving the profits they were promised when investing in these crypto mining apps.
Cryptocurrency mining has gained a lot of interest recently. However, cybercriminals are using the public interest in making money from cryptocurrencies to amass profit for themselves. They rather trick people into installing dangerous apps containing adware and malware on their smartphones. Although Google has identified and removed them from Playstore, most of these apps are still online and are being used to scam other people. Here is the list of the ‘fake’ cryptocurrency apps removed from Google Playstore; These apps need to be deleted from your phone immediately if you have them.
A recent study from a cybersecurity firm, TrendMicro, revealed that these apps which posed as cryptocurrency mining apps were used to trick users by serving serious adware to them. Victims were tricked into watching several videos claiming to be crypto-mining activities, which were completely false. Some apps also required users to pay monthly subscriptions of $15 and also paying for increased mining capabilities without getting anything in return.
According to TrendMicro, there are still over 100 ‘fake’ crypto-mining apps available on the internet. As a result, they encourage users to be careful when downloading such apps, as they have “affected more than 4,500 users globally.”
“These apps, which do not have cryptocurrency mining capabilities and deceive users into watching in-app ads, have affected more than 4,500 users globally from July 2020 to July 2021, ” the company wrote in a blog.
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