Google bans the following cryptocurrency apps for data security

817

If you are a cryptocurrency enthusiast and are using any of the mining apps to earn more, then this article needs your interest. Google has issued a warning to all users of cryptocurrency apps to look at its latest update that has banned few of the applications for functioning with malicious intentions by misleading innocent mobile users with ‘get rich quick’ schemes.

Therefore, the web search giant has not only issued a ban but also pulled the following applications from the play store, as they were found exploiting the user with malevolent advertisement intentions.

Daily Bitcoin Rewards that offer cloud based mining service to users to upgrade their crypto currency mining capabilities with additional processing power have been banned by Google as it was forcing users to watch ads that earned a good amount of monthly revenue to users.

Following on the list are BitFunds app, Bitcoin Miner, Bitcoin Wallet, Crypto Holic, Bitcoin 2021, MineBit Pro and Ethereum.

Cybersecurity firm Trend Micro says that the apps were found conducting espionage as well and were foxing customers by promising them they reward them with BTC, but haven’t fulfilled the objective till date.

According to Trend Micro, the said apps were seen earning monthly revenue of $115 and an additional revenue of $600 by selling the details gathered through espionage on the dark web.

What’s concerning is that the said 8 apps have already targeted over 4589 users to date and were hard to remove from the phone.

Ad
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

No posts to display