Cryptocurrencies have been huge for years, but the digital assets have now well and truly gone mainstream. Even with Bitcoin having lost half of its value since its peak in April, it's still worth more than $32,000 a coin. Everyone wants a piece of the pie, so it's no surprise that dozens of cryptocurrency mining apps have been released for Android. Unfortunately, many of these apps are scams, and thousands of users have had their money stolen as a result.
Lookout published a detailed report this week about the malicious crypto-mining apps. Their security researchers identified over 170 scam apps that claim to provide cloud cryptocurrency mining services for a fee. They don't actually mine anything, but they will take your money.
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All of these Android cryptocurrency mining apps are actually scams originally appeared on BGR.com on Thu, 8 Jul 2021 at 22:03:58 EDT. Please see our terms for use of feeds.
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