Right now, the entire world is in a frenzy about cryptocurrencies. The influence of digital currency in the economic sphere is increasingly upward. The rise in the value of cryptocurrency has attracted not only investors but also common people to it. Several countries have already legalized crypto, while some countries are concerned about the negative impact of crypto on financial stability and the wider economy.
But the most notable thing is that cyber fraud has become rampant due to the huge popularity of cryptocurrencies. From Squid Coin, Dogecoin to Shiba Inu, the circulation of new cryptocoins in the market and their skyrocketing market value are enticing investors on the one hand, as well as increasing the risk of manipulation and fraud. Investigating the matter in detail, experts have come to the conclusion that any group is currently able to create an app and launch new coins into the market from it. As a result, it goes without saying that the possibility of people losing their hard-earned money due to cyber fraud is increasing.
Note that the Federal Bureau of Investigation (FBI) has already warned Bitcoin and cryptocurrency buyers, exchanges and payment platforms about the growing dominance and influence of criminals seeking to steal Bitcoin and crypto-assets. Recently, Google also removed 8 fake cryptocurrency Android apps from its app store, through which multiple users were victims of cyber fraud. These apps masquerade as cryptocurrency cloud mining applications, showing users multiple ads to lure them into paying for various subscription services. These 8 apps are mentioned below. If you have these apps on your phone, delete them immediately.
BitFunds
It is speculated to be a crypto cloud mining application.
Bitcoin Miner
Bitcoin Miner claims to be a cloud mining application.
Bitcoin (BTC)
Experts consider it a pool mining cloud wallet application.
Cryptoholic
This is a paid app. Cryptoholic is considered a Bitcoin cloud mining application.
Daily Biton Rewards
Daily Bitcoin Rewards is assumed to be a cloud based mining system application.
Bitcoin 2021
This cryptocurrency app also prompts users to click on multiple ads, making it appear as if users were not enticed to do so as they clicked on their own.
MineBit Pro
This app is supposed to be a crypto cloud mining and btc miner.
Ethereum
This app is believed to be a pool mining cloud application.