RATE Group | Ethereum Scam App Appears on Google Play Store, Malware Researcher Reports
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Ethereum Scam App Appears on Google Play Store, Malware Researcher Reports

22 Aug Ethereum Scam App Appears on Google Play Store, Malware Researcher Reports

Posted at 08:57h in Ethereum News by

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Android’s Google Play Store has recently become a spot for hosting another reported Ethereum (ETH) scam application, The Next Web reports August 21.

Lukas Stefanko, a malware researcher from Slovakia, found a fraudulent “Ethereum” application on Google Play that had been allegedly offered for purchase at price of €335 or around $388, according to The Next Web.

In an August 20 tweet, the researcher noted that buying the app is “not the same” as an Ethereum purchase, implying that his recent discovery is a crypto scam intended to defraud users by mimicking the original altcoin Ethereum, which is worth around $290 at press time.

Scam

Screenshot from Lukas Stefanko’s Twitter

Stefanko’s tweet shows that the scam application, which was described through Google Translate as “just a Ethereum,” was developed by so-called “Google Commerce Ltd,” and has managed to amass over 100 installs since the last update in August 2017 by the time of the report.

The genuine name of…

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