Crypto app/apps are quite popular among people who are looking for secure and quick money-making sources. Unfortunately, Google has taken down eight apps that charged fees for an illegitimate cloud mining service in its Play Store, duping crypto enthusiasts.
According to a Trend Micro report, several fake crypto applications are still active in the Google Play Store, with over 100,000 downloads.
Moreover, these fraudulent mobile applications are becoming a popular method to deceive unwary users, with a high success rate. On the other hand, in a recent study, Trend Micro discovered eight Android applications tricking crypto enthusiasts.
Crypto users are misled by these apps into paying monthly fees for cloud mining that appears legitimate.
Furthermore, Trend Micro has reported its findings to Google Play to stop the current fraudulent movements, and the apps have been promptly removed from the Play Store.
Here is the list of fraudulent apps that are now no longer available on the Play Store:
To see the comprehensive report, click here, where they have mentioned several essential findings and the amount of the monthly fees.
Lastly but not the least, the company’s data suggests that over 120 fake apps still exist in the Play Store:
“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.”
This post was last modified on October 25, 2022 3:31 pm