A recently released report from analysts from Trend Micro said that there are about 120 cryptocurrency apps that are currently available for download from the Play Store. Experts noted that some of them have installed more than 100 thousand users on their gadgets.
The document says that most of the so-called fake apps allegedly charge crypto-supporters in exchange for gaining access to an illegal cloud mining service.
After conducting a detailed analysis of the operation of each of the applications, Trend Micro analysts were able to catch eight applications that, under pretenses, charge traders a monthly fee. These applications, by the way, operate based on the Android operating system.
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After submitting their report to Google, the Play Store immediately removed eight applications from the list of software available for download. It is known that the applications found in the scam worked with mining services such as BitFunds, Bitcoin Miner, Daily Bitcoin Rewards, Crypto Holic, MineBit Pro, Bitcoin 2021, and Ethereum (ETH) - Pool Mining Cloud.