Google bans eight dangerous crypto-related apps

-


Google bans eight dangerous crypto-related apps

Google has banned eight fraudulent cryptocurrency mining applications intended to deceive users.

These eight apps had in-app buying varying from $14.99 to $189.99.

According to security investigation company Trend Micro, over 120 bogus mining apps are still available online.

Cryptocurrency has become a rage amongst the youth, business people, and investors worldwide. Because of this massive surge in crypto users, malicious apps and hackers are taking advantage of the continuing crypto hype.

These apps are created to trick users into installing them on their smartphones.

Google identifies 'Get rich quick' plot to lure

Google has recognized eight such dangerous crypto apps on its Play Store and removed them. These apps manipulated the conventional "get rich quick" plot to lure users into investing funds in a 'cloud mining service' and reap earnings.

"Despite these apps not being associated with cloud-mining operations or having any cryptocurrency-mining features, some of these apps prompt users to pay for increased cryptocurrency-mining capabilities via the apps' in-app billing systems that range from $14.99 to as high as $189.99." The Trend Micro report said.

Business Insider reported the Trend Micro research said the eight banned apps urged users to view ads with a monthly fee of $115 (approx. Rs 1,114). These apps also recommended that customers spend for improved mining techniques by purchasing their preferred crypto "machines" in the cloud.

"The app called Daily Bitcoin Rewards – Cloud Based Mining System prompts its users to upgrade their crypto mining capacity by "buying" their favorite mining machines to earn more coins at a faster rate," the report further added.

Google banned these 8 crypto-related apps from Playstore

- Daily Bitcoin Rewards – Cloud Based Mining System

- Bitcoin 2021

- MineBit Pro - Crypto Cloud Mining & BTC miner

- Ethereum (ETH) - Pool Mining Cloud

- BitFunds – Crypto Cloud Mining

- Bitcoin Miner – Cloud Mining

- Bitcoin (BTC) – Pool Mining Cloud Wallet

- Crypto Holic – Bitcoin Cloud Mining

More dangerous in the Trend Micro analysis is that over 120 fake crypto-mining apps are still available online. The report adds these apps affected 4,500 plus users in 2020.

If you have any of these apps connected to your phone, it is recommended that you uninstall them immediately. 

The procedure is to go to Settings -> Apps - select the apps and click 'Uninstall'.





https://www.digpu.com/business-and-finance/google-bans-eight-dangerous-crypto-related-apps

Comments

Post a Comment

Popular posts from this blog

Lathi Charge: A legalised method of police brutality

-
Image
"Every blow on our bodies this afternoon is like a nail driven into the coffin of British imperialism." These were the precise words of Sher-e-Punjab Lala Lajpat Rai when he got brutally " lathi-charged " by the law enforcers of Colonial India while he was protesting against the Simon Commission in October 1928.  Punjab Kesari Lajpat Rai eventually succumbed to his injuries, and his death gave off the spark for vengeance in the heart of numerous Indian revolutionaries. In December 1928, Shahid-e-Azam Bhagat Singh and his compatriot Shivam Rajguru assassinated the Lahore Assistant Superintendent of Police (ASP) John Saunders to avenge the murder of their mentor. "Lathi-Charge" has remained one of the most brutal and sensitive issues for Indians since the bygone days of the Indian National Movement. Thus, even after 75 years of liberation, India and her children continue to writhe under pain brought on by police brutality and paranoia. Both the Indian Penal...
Read more

Recruitment Scams and Paper Leaks in India: How the deserving youth of India is getting smothered under an obsolete system

-
Image
" India is an over populous country. " This statement is hardly news to anyone, but very few of us know that the average age of an Indian is just 29 years old. Hence, India is a fairly young country with a strong demographic dividend. However, the ambitions and dreams of millions of Indians lie stranded despite their ability and competence. Each new year brings fresh new hopes for millions of aspirants. These young people have expressed their strong will by deciding to dedicate the prime of their youth to preparing for numerous government examinations. In a country where social class divisions continue to be a notable phenomenon in determining one's future, Government jobs and recruitments offer the only genuine means for attaining an egalitarian society. Today, even this little scope for upliftment gets marred under the evils of Paper leaks and Recruitment scams. The problem of the youth, in essence, is the problem of the nation, and it is high time we illustrated the gr...
Read more

Supreme Court renders Modi-backed ED Chief's extension “illegal.” Amit Shah and the opposition enter into a war of words

-
Image
On July 11th, the Honourable Supreme Court went against the Modi Government's decision by annulling Enforcement Directorate Chief Sanjay Mishra's extension. The Supreme Court bench rendered Sanjay Mishra's tenure extension illegal because it went against their previous verdict. Sanjay Kumar Mishra's successive extensions got brought to the Court's attention through petitions moved by opposition leaders like Randeep Singh Surjewala, Jaya Thakur, Mahua Moitra, and others. The Supreme Court Bench headed by Justice B. R. Gavai held that Mishra could hold on to his office up to July 31st at most, during which the Modi Government must ensure a “smooth transition in the larger public interest."  The previous judgments by the Supreme Court on the matter Back in 2021, the Modi Government had, via the Central Vigilance Commission (CVC) Act and the Delhi Special Police Establishment (DSPE) Act, made amendments to the necessary laws to safeguard the extension of the tenure...
Read more