Google Play Store: Eight misleading crypto mining applications have been wiped off from the Google Play Store on account of trapping users.
The apps were exposed to be fake and misled users into viewing ads, as per the security company, Trend Micro. The apps were posing as cryptocurrency cloud mining apps letting users earn crypto by investing in a cloud-mining process.
According to Trend Micro, the applications were chasing users into viewing advertisements, paying a monthly amount of $15 or about Rs 1,100 for subscription services and paying for “mining capabilities” improvement lacking any return on investment.
The eight applications that were removed by Google Play Store are, Bitcoin Miner – Cloud Mining, Crypto Holic – Bitcoin Cloud Mining, Ethereum (ETH) – Pool Mining Cloud, BitFunds – Crypto Cloud Mining, Daily Bitcoin Rewards – Cloud Based Mining System, Bitcoin (BTC) – Pool Mining Cloud Wallet, MineBit Pro – Crypto Cloud Mining & BTC miner, and Bitcoin 2021.
Furthermore, MineBit Pro – even registered in its terms of use that it was only an educational simulation/game that would aid users to study extra about the crypto money ecosystem, adding that any repayment for buying of virtual goods was not guaranteed.
Trend Micro is concerned that searching for cloud mining in the Play Store brings up a slew of similar apps, some of which have over a million downloads.
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