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Over 170 Scam Cryptomining Apps Charge for Non-Existent Services
Security researchers have discovered over 170 Android apps that have scammed tens of thousands of cryptocurrency enthusiasts into paying for non-existent services. Lookout Threat Lab revealed that 25 of the fraudulent apps were even listed on the official Google Play marketplace. It separated them into two groups, BitScam and CloudScam, although all use similar business models and the same coding and design. Both families of scam apps promise the user access to cryptocurrency mining services, capitalizing on a recent…
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