Google is cleaning up – Some mobile apps allow their users to mine bitcoin (BTC) and other cryptocurrencies directly from their phones. The computing power of mobile phones helps in validating transactions. However, this type of device is not necessarily suited for this task. And, the user’s enthusiasm for this form of mining has not been slow to be used by unscrupulous developers. In total, more than 100 “mining apps” would offer completely non-existent services
8 apps already eradicated from the Play store
would have decided to ban 8 cryptocurrency mining apps from its Play store. These apps with a realistic interface were actually just scams that charged their users for non-existent services.
Indeed, users of these apps had to watch video ads and pay a monthly payment of $15 to validly proceed, according to the apps, to mine cryptocurrencies. Nevertheless, only 2 of the 8 banned apps were paid apps on the Play store.
<img width=”1024″ height=”500″ src=”//www.w3.org/2000/svg’%20viewBox=’0%200%201024%20500’%3E%3C/svg%3E” alt=’Banned app interface BitFunds Crypto Cloud Mining” /><img width=”1024″ height=”500″ src=”https://yellowrocketagency.com/wp-content/uploads/2021/08/Bitfunds..jpg” alt=’Banned app interface BitFunds Crypto Cloud Mining” />Fakebanned app interfaceBitFunds Crypto Cloud Mining – Source: Google Play Store
One of the banned apps, BitFunds Crypto Cloud Mining, had already been downloaded more than 100,000 times even though it was only in its first version. Unsuspecting users were lured by cryptocurrency mining simulations and built-in buying proposals. They were also enticed to increase their “package” by promises of better returns. From a technical standpoint, these promises of course had no basis or content.
According to the same Trend Micro report, these 8 applications are just the tip of the iceberg. In fact, more than 120 mobile mining apps would be <a href=”https://journalducoin.com/analyses-dossiers/escroquerie-faux-minage-bit
coin-btc-alpha-capital-victim-temoigne/” target=”_self” rel=”noopener”>scams. In reality, these apps would not have the ability to mine cryptocurrencies. According to the same report, in just one year, more than 4,000 users have suffered financial consequences as a result of using these fake apps.
To avoid these unfortunate consequences, Trend Micro encourages mining app users to check reviews. As such, it is better to focus on bad reviews (1 or 2 stars), rather than very good reviews (5 stars). These may indeed have been purchased by the developer and published as soon as the app was released.
The Trend Micro study also highlighted the lack of verification of crypto wallet addresses. As a result, these apps accept all addresses, even if they are wrong. This last point is also a way for the user to make sure that the mining application they are about to use is working properly.
Google, which decided to lift restrictions on Google Ads about US exchanges and crypto wallets last June, remains alert to the drifts of the cryptosphere. If you use this type of application, you should be wary and vigilant.
Stay away from spammers and scammers of all stripes, flee like the plague from proposals that are too good to be true, and get into the habit of showing a healthy distrust. On the other hand, learn to place reasonable trust in respectable and recognized players in the ecosystem. The FTX platform definitely falls into this second category. Come and acquire and trade your first bitcoins and other cryptocurrencies by signing up with FTX. You will receive a lifetime discount on your transaction fees (affiliate link).