Bogus Ethereum mining app tricks Google Play store
A malicious Android app has deceived the Ethereum users according to a recent tweet. The ‘Ethereum’ app on the Google Play store claimed to sell one Ether in exchange for €335. The users who tried to buy Ether from the app just got a picture of the Ethereum logo in return for their money.
Lukas Stefanko, a malware researcher declared in a recent tweet about the false app that is tricking people into buying the Ethereum app for €335. The price is in stark contrast with the current market value of Ethereum. The highly priced Ether itself signifies that the app is a scam, however, more than 100 users have installed the app according to the app stats on Playstore. But then again, this could easily be a false claim to hoodwink people. The app also featured 22 reviews which gave them a rating of four on five.
— Lukas Stefanko (@LukasStefanko) August 21, 2018
The app provider called Google Commerce Ltd has no relation to the real internet giant. While the app developer is still in shadows the app has been removed from Playstore after the revelation by the malware researcher. Google not only took a year to realize the existence of a deceiving app on its platform but also required outside help to actually notice its existence. This fraud proves that people can still deceive Google in spite of the giant watching Play store like a hawk.
After the revelation of the fraud by the Stefanko a twitter user replied, “Offered by “Google Commerce Ltd”. I mean come on… you allowing the use of Google in company names on YOUR app store”.
Google announced that it will ban the distribution of cryptocurrency mining apps from their platform over a month ago. This was to enable a safe environment for both users and developers. However, this scam doesn’t say a lot about the effort. Illegitimate apps are still making it to Playstore. This incident might prod Google to take down more crypto mining apps from Playstore to build a secure place for crypto mining fans.
Image via Shutterstock
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