A total of eight cryptocurrency mining apps have been discovered to be fake. Trend Micro found eight deceptive apps that were available on the Google Play Store that appeared to be cryptocurrency mining apps. Only they weren’t. The apps tried to trick victims into watching ads and paying for subscription services without getting anything in return. Victims ended up paying an average monthly fee of USD 15 (approx Rs 1,100) for the fake subscription service. Once the eight fake cryptocurrency mining apps were spotted and reported, Google took them down from the Play Store.
Some of the malicious crypto-mining apps had been installed over 100,000 times. Here are the eight fake cryptocurrency mining apps that were deleted by Google. You should uninstall them if you have downloaded them.
- 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
- Bitcoin 2021
- MineBit Pro – Crypto Cloud Mining & btc miner
- Ethereum (ETH) – Pool Mining Cloud
According to Trend Micro, these apps did not have any cryptocurrency mining features. Yet, they prompted users to opt for a monthly subscription to increase cryptocurrency mining capabilities. Some of these apps’ in-app subscription plans range from USD 14.99 to USD 189.99 (approx Rs 14,000).
Interest in cryptocurrency has been at an all-time high during the coronavirus pandemic. The crypto market has been pretty volatile and some currencies like Dogecoin have been seeing a fluctuation in prices, partly thanks to Tesla CEO Elon Musk. A lot of people have been interested in cryptocurrency mining and this has made it an attractive space for cybercriminals. Hackers are exploiting people’s interest in cryptocurrency by creating fake mining apps to lure unsuspecting victims.