Business Insider shared a Report where they mentioned the Google Play Store Ban 8 Fake Crypto Trading and Mining Apps from Platform, there are almost 120+ more Apps like these that still exist on the Platform where people are investing and can be frauded to drag losses to the people. A list of these 8 Crypto Banned apps are mentioned below to check.
Google released a list of Apps that they have banned and was fake which use to contain In-App Purchases for Cryptocurrency Mining making fool of innocent users. The Apps has an in-app purchase option starting from $14 to $190. The concept was based to temper users, working on Cloud Mining facility which is something to infade the eyes of people just to show them a fake profile world in no use. That is why we always say to be alert especially when you are jumping into these things.
According to Trend Micro report -“Despite these apps not being associated with cloud-mining operations or having any cryptocurrency-mining features, some of these apps prompt users to pay for increased cryptocurrency-mining capabilities via the apps’ in-app billing systems that range from $14.99 to as high as $189.99”.
“The app called Daily Bitcoin Rewards – Cloud Based Mining System prompts its users to upgrade their crypto mining capacity by “buying” their favourite mining machines to earn more coins at a faster rate,” added in the report, not only this but the price used to vary and App use to show advertisement to the users for revenue generation & forces people to buy or upgrade their plans that cost $115 (approx. ₹1,114).
List of Google Play Store Ban 8 Fake Crypto Trading and Mining Apps
- BitFunds – Crypto Cloud Mining
- Bitcoin Miner – Cloud Mining
- Bitcoin (BTC) – Pool Mining Cloud Wallet
- Crypto Holic – Bitcoin Cloud Mining
- Daily Bitcoin Rewards – Cloud Based Mining System
- Bitcoin 2021
- MineBit Pro – Crypto Cloud Mining & btc miner
- Ethereum (ETH) – Pool Mining Cloud
Researchers say that there are more than 120 more apps available and running on the Play Store that should be taken down working on a similar basis and have affected thousands of users already by end of last year, it is suggested if you have any of these Apps or any speculated or spammy App installed on your device so just Withdraw funds right now & Uninstall it to be Safe from such Frauds.
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