Cryptocurrencies are a form of electronic money that has grown in popularity in recent years. The most famous are Bitcoin or Ethereum, but there are many more with which you can make financial operations. Anyone can buy cryptocurrencies and start investing. However, the interest of so many people also causes the emergence of people who are dedicated to carrying out scams with these currencies. In fact, a total of eight fake cryptocurrency mining-related apps have been found to exist on Android that have already been removed.
These are fake cryptocurrency applications . That is, there is no type of mining and they deceive people.
A new scam using cryptocurrencies
Specifically, in these cryptocurrency cloud mining apps, users thought they could earn cryptocurrencies by investing money in a cloud mining operation.
The problem is that these applications only trick people into seeing ads, paying for services that have a subscription with a monthly fee of about $ 15 and paying for higher mining capacities in order to ultimately get nothing in return. In fact, users were encouraged to get into advertisements to pay for more computing power.
The applications are already removed from the Google Play Store , but in case you have any of them installed on your mobile, we will tell you which ones they are so that you can delete them right now:
- BitFunds – Crypto Cloud Mining
- Bitcoin Miner – Cloud Mining
- Bitcoin (BTC) – Pool Mining Cloud Wallet
- Bitcoin 2021
- MineBit Pro – Crypto Cloud Mining & btc miner
- Ethereum (ETH) – Pool Mining Cloud
- Crypto Holic – Bitcoin Cloud Mining
- Daily Bitcoin Rewards – Cloud Based Mining System
In fact, the last two apps on the list are paid . For the first one you had to pay $ 12.99 to download it and for the second $ 5.99. The other six applications were free.
Cryptocurrency mining didn’t exist in apps
If you search the Google Play Store for “cloud mining”, you will see a large number of results for similar applications, so you have to be very careful. Some of these appear in the finance section of the store even.
According to data from Trend Micro’s Mobile App Reputation Service, there are still victims of these scams who are using more than 120 fake cryptocurrency mining apps. From July of last year to today, more than 4,500 people have suffered scams using these fake apps.
These apps had a local mining simulation module that included a counter and some random functions, so the cryptocurrency mining behavior did not exist.
The application is a simple game that also does not have any function to extract the currencies. Therefore, there was no obligation to issue payments in cryptocurrencies to users who use them, nor a return of virtual goods purchased in the application.
Therefore, if you plan to carry out operations with cryptocurrencies from your mobile, make sure that the service you are using is 100% reliable.