Google bans 8 ‘deceptive’ crypto apps from Play Store
A Trend Micro report claims that over 120 fake crypto-focused apps are still operational in the Play Store, some exceeding over 100,000 downloads. Google has delisted eight allegedly fraudulent mobile apps from its Play Store that were duping crypto enthusiasts by charging fees for an illegitimate cloud mining service. Fraudulent mobile applications have now become a popular method to mislead unwary users with high success rates. Trend Micro’s latest research discovered eight Android applications that were exploiting crypto users by charging a monthly fee under the false pretext of running....
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Fake bitcoin wallet apps have emerged in the Apple iTunes App Store, potentially putting bitcoin accounts at risk and reinforcing the need for people to make sure they are downloading apps from official wallet websites, according to Kyt Dotson, a senior editor at Silicon Angle. A representative of Breadwallet, a bitcoin app available in App Store and Google Play, has posted a notice on Reddit listing a number of fake bitcoin wallet apps in the iTunes App store, calling into question Apple’s vetting process. The fake apps have names similar to the official mobile wallet apps, but they can....
Two apps discovered in the Google Play store were found to be mining digital currency in the background. With talk that mining digital currency, particularly bitcoin, has become so difficult with everyday hardware, it would likely be difficult to believe your phone is doing just that. But for some app users, it's very much happening. Security company Trend Micro discovered at least two applications for Android that are stealthily mining digital currency without making the end user aware. These applications are listed on the Google Play store, not surprisingly, where they are easily found....
A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,” said Senator Sherrod Brown. “Reports have emerged of fake crypto apps that have scammed hundreds of investors.”
U.S. Senator Questions Chief Executives of Apple and Google on Fake Crypto Apps
Senator Sherrod Brown (D-OH), chairman of the Senate Committee on Banking,....
The exchange’s app was also the third most downloaded on the U.S. Apple App Store last week but has since fallen to twentieth. Cryptocurrency exchange Crypto.com now tops the charts as the most downloaded app for the U.S. Google Play Store across all categories.According to the most recent list of Google Play Store’s top free apps, Crypto.com’s app has surged in the ranks of apps by the number of downloads to jump to the first position ahead of TikTok. Coinbase’s app sits at third ahead of Cash App, while Voyager Digital is tenth following the trading platform’s announcement it would be....
The fraudulent LocalBitcoins app has been removed from the Google Play app store. A fake LocalBitcoins app is being distributed on the Google Play store in a bid to steal user bitcoins. The Helsinki-based bitcoin exchange said that it has reached out to the app store to have the fraudulent app removed. LocalBitcoins staff said earlier today that upon download the fake app seeks "to get access to your account by having you activate HMAC authentication for your account". Five reviewers on the Google Play store posted claims that their bitcoins had been stolen as a result of downloading the....