Here is how to recognise a fake cryptomining app

Cryptocurrency 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 cryptocurrencies to trick innocent netizens into installing malicious apps on their smartphones containing dangerous malware and adware.

Security firm Trend Micro reports that upon analysis it found that these 8 malicious apps were tricking victims into paying $15 ( Rs 1,115 approx.) monthly without their full knowledge. The company reported its findings to Google Play, following which, they were promptly removed from the Google Play app marketplace. Google may have removed them from Play Store, but these apps may well have already been downloaded on many phones.

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

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 cryptocurrency 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.