Google Removes 8 Apps Android Users Beware | Cryptocurrency is a trending topic, and now, Google Play has removed eight deceptive cryptocurrency apps after they were discovered to be fake and tricking users to watch advertisements, as per security firm Trend Micro. These apps masqueraded as cryptocurrency cloud mining apps where users can earn cryptocurrency by investing money into a cloud-mining operation.
Trend Micro reports that these eight malicious apps tricked victims into watching ads, paying for subscription services that have an average monthly fee of $15 (roughly Rs. 1,100) and paying for increased mining capabilities without getting anything in return.
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The security firm adds that the volatility of the cryptocurrency market is not only risky, but those interested in mining cryptocurrency must also be aware of the fraudulent cryptocurrency-mining apps. It is advised to download apps from trusted third-party developers or at least view the company’s webpage (usually available on Google Play listing) to check their authenticity. Additionally, reading reviews of the app is also a good practice. Cryptocurrencies are enjoying massive popularity, as the popular e-coin Bitcoin even touched a price tag of $63,729.5 (approx Rs 47,34,000) per coin earlier this year. Google Removes 8 Apps Android Users Beware