Android app scams users out of €335 in return for an Ethereum attach

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There’s an illegitimate “Ethereum” app that claims to sell you one Ether (the cryptocurrency derived from the Ethereum ETH blockchain). With the exception of it’s a rip-off – users are being tricked into procuring for a image of its attach.

A most up-to-date Tweet from malware researcher, Lukas Stefanko, has shown an app on the Google Play Retailer which claims to sell the consumer one Ether at a time, priced at €335 (on the sphere of €one hundred more than Ether’s present market price).

ethereum, rip-off, app, google, play

To this level over one hundred folks bear been loopy ample to lift the app, and even they had been wildly misled.

I imply, scrutinize at who’s offering the app… It’s Google Commerce Ltd. Fully legit…

It’s clearly no longer the accurate Google. The accurate developer of the app has correct called themselves “Google Commerce Ltd,” perchance to sport the draw to internet their app accredited, or obfuscate their accurate id.

That acknowledged, the categorical Google has been on the war course in most up-to-date months in attempts to establish out to give protection to Play Retailer users from malicious apps which would possibly be capitalizing on the curiosity, hype, and absence of data from merchants on cryptocurrency.

It would seem now, since the fright used to be raised, the app has been removed from the Play Retailer. Took long ample, brooding about it used to be closing up as a lot as now one year ago.

Spherical a month ago Google announced that it used to be banning the distribution of cryptocurrency mining apps from its Play Retailer, in attempts to plan certain a particular ambiance for every users and builders.

As a minimum, that’s the belief – as Hard Fork highlighted, Google aren’t doing many of by stopping these illicit apps from making it to the Play Retailer within the first attach.

While builders bear 30 days from any coverage changes to electrify action and switch their app to conform with regulations, it didn’t cease a recent app, JSEcoin, from making it on to the Play Retailer closing week.

Over the following couple of weeks – as the 30 day window from coverage changes takes develop – we must survey mining apps internet removed from the Play Retailer. Hopefully, these more subtle scams can be removed too.

Revealed August 21, 2018 — 15:19 UTC

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