Crypto currency mining has been garnering everyone’s interest especially over the span of the last couple of months. However, hackers are using this public interest in crypto currencies to trick innocent netizens into installing malicious apps on their smartphones containing dangerous malware and adware. The good thing is that these malicious actors have been identified and Google has removed them.
Google identified eight apps as “dangerous” and removed them from Play Store that were masquerading as crypto currency mining apps users were lured by promises of earning big profits by investing money in a cloud-mining operations.
Security firm Trend Micro reports that upon analysis it found that these eight malicious apps were tricking victims into watching ads, paying for subscription services that have an average monthly fee of $ 15, and paying for increased mining capabilities without getting anything in return. The company reported its findings to Google Play, following which they were promptly removed by the company.
A problem remains, though. Google may have removed them from Play Store, but these apps may well have already been downloaded on your phone. So, what you need to do is check out your phone for them and delete quickly.
The ‘dangerous’ 8
BitFunds – Crypto Cloud Mining
Bitcoin Miner – Cloud Mining
Bitcoin (BTC) – Pool Mining Cloud Wallet
Daily Bitcoin Rewards – Cloud Based Mining System
MineBit Pro – Crypto Cloud Mining & btc miner
Ethereum (ETH) – Pool Mining Cloud
The research site says that two of these apps are paid apps that users need to purchase. While users had to pay $ 12.99 to download Crypto Holic Bitcoin Cloud Mining, they needed to pay $ 5.99 to download Daily Bitcoin Rewards Cloud Based Mining System.
Furthermore, Trend Micro said that more than 120 fake crypto currency mining apps are still available online. “These apps, which do not have cryptocurrency mining capabilities and deceive users into watching in-app ads, have affected more than 4,500 users globally from July 2020 to July 2021,” the company wrote in a blog.
Here’s how you can recognise a fake cryptomining app:
1. Carefully read the app’s reviews: Fake apps will receive numerous 5-star reviews once they are released publicly. Pay more attention to 1-star reviews.
2. Try to enter an invalid or wrong cryptocurrency wallet address:Trend Micro says that if a user encodes an invalid wallet address and the app accepts it and is able to perform follow-up operations, there is a high probability that the app is fraudulent.
3. Restart the app or phone while it is in the process of mining: If a device is restarted after mining starts and the mining application is killed in the background, the system will forcibly clear the counter, resetting it to zero.
4. Confirm if there is a withdrawal fee: The transfer of crypto currency requires a handling fee, which is relatively high compared to what is typically made from cloud mining. Hence, free withdrawals are very suspicious, the firm said.