While the BitScam and CloudScam cryptomining apps have now been removed from Google Play, there are dozens more available for download on third-party app stores.
BitScam and CloudScam apps both trick people into thinking they are paying for cloud crypto mining services. In addition to the apps themselves costing money, they promote additional services and upgrades that users can purchase within the apps, either by transferring cryptocurrencies to the developers’ wallets or through Google Play. These apps also display fake minimum account balances to entice users to spend more money on the services and upgrades.
To learn more about BitScam and CloudScam, read the Lookout research blog or visit the Lookout Threat Lab.
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