8 Fake Cryptocurrency Mining Apps: Delete Immediately:
Money is not earned just by investing in cryptocurrencies like Bitcoin, Ethereum. There is also a way mining, through which people earn good money and many bad apps are taking advantage of this. A security research firm has recently discovered that there are many such apps on the Google Play store in Android, which are working to cheat users. Google has also removed 8 of these apps. All these apps either charge money to download and install them or they are free to install, but while running they show ads to the users and also steal data.
Security firm Trend Micro has warned that hundreds of crypto mining apps on the Google Play store are working to cheat users. Not only this, these apps show ads in a wrong way and also break into the personal data of the users. The report says that although Google has removed 8 apps related to Cryptocurrency Mining from its platform, but still if users search ‘Cloud mining’ on Google Play Store, they will find many similar harmful Apps will be available.
trend micro infoGiven that the 8 apps removed by Google used to grab an average of $ 15 (about Rs 1,100) from users every month through advertising and subscription service. These apps used to make extra payments to the users with the promise of earning more money than ordinary users through mining and in return the users did not get anything. Out of these 8 apps, 2 were paid. The Crypto Holic – Bitcoin Cloud Mining app was priced at $12.99 (approximately Rs.965), while the Daily Bitcoin Rewards app was priced at $5.99 (approximately Rs.445).
8 Cryptocurrency Mining Apps Banned
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
MineBit Pro – Crypto Cloud Mining & btc miner
Ethereum (ETH) – Pool Mining Cloud
Trend Micro’s Mobile App Reputation Service (MARS) data shows that over 120 fake cryptocurrency mining apps are still being used by many users. These apps also do not have cryptocurrency mining capabilities and they deceive users by showing them in-app ads. These apps affected more than 4,500 users globally between July 2020 and July 2021.
Trend Micro has advised people to avoid such apps and also explained how you can identify these fraudulent apps. The firm says that users should read its user reviews carefully before downloading the app. Fake apps are given 5 star rating by many users at the time of launch, but when the truth of the apps comes out, users give it 1 star and also tell their own past. Such reviews should be read carefully.
Also, enter the wrong cryptocurrency wallet address at the beginning, as the research firm has found that fake apps also accept the wrong address. In such a situation, if the app shows further steps by taking your wrong address, then there is a lot of possibility of the app being fake.