Google banned 8 fake Cryptocurrency Apps in the play store

According to Trend Micro research, victims have been duped by eight misleading mobile apps.

Cryptocurrency and mining are some of the hot talks in town. Cryptocurrency is an alternative trending online payment method that may be used to buy and sell products and services. Many businesses have created their own currencies, known as tokens, that can be exchanged for the goods or services that the business offers.

But those who believe that cryptocurrencies like bitcoin will be the currency of the future should keep in mind that all these currencies require stability and it will take time

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Cryptocurrency mining is growing increasingly popular, and people are interested in a variety of programme associated with it. Making use of this situation and current pandemic many hackers and other nefarious elements, on the other hand, are duping users by creating dangerous apps. Google, the world’s largest search engine, has removed eight such fraudulent apps recently from the Play store.

According to security firm Trend Micro, the eight apps that were banned by the search engine giant were persuading victims to watch adverts to pay for subscription services that cost an average of USD 15 per month. People are also being charged for mining skills without receiving anything in return from these apps.

Here’s the list of 8 harmful apps that have been deleted from the Play Store.

1. BitFunds – Crypto Cloud Mining
2. Bitcoin Miner – Cloud Mining
3. Daily Bitcoin Rewards – Cloud Based Mining System
4. Bitcoin 2021
5. MineBit Pro – Crypto Cloud Mining & BTC miner
6. Crypto Holic – Bitcoin Cloud Mining
7. Bitcoin (BTC) – Pool Mining Cloud Wallet
8. Ethereum (ETH) – Pool Mining Cloud

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More than 120 bogus cryptocurrency mining apps are still available online, according to Trend Micro’s Mobile App Reputation Service (MARS). Between July 2020 and July 2021, around 4,500 people were affected by these apps, which do not have cryptocurrency mining capabilities and trick users into watching in-app adverts “It was stated.

Precautionary measures

It is recommended that individuals carefully research apps before downloading them. When fake apps are released, they usually earn a lot of 5-star ratings. It could be a fraudulent app if the app stops running in the background or if the phone is reset. In general, a false app can take confidential details like a bank, Aadhar etc.,

Always try to install apps suggested by seniors who are already well versed in that area.

Companies, in particular, should employ a managed spam filter service because it can be difficult to discern between original and fake apps. Even when using a trusted app, it’s also a good idea to pay more attention. Because suspicious, malware and bugs are rarely identified as such, and once it gets infected, it will be already late to prevent.

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