RATE Group | Android App Tricks Users into Buying Fake Ethereum Token
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Android App Tricks Users into Buying Fake Ethereum Token

22 Aug Android App Tricks Users into Buying Fake Ethereum Token

Posted at 23:11h in Ethereum News by

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Google Play Store Cryptocurrency

If you are an Android user looking to download cryptocurrency applications, be careful of malicious app developers masquerading themselves as legitimate sources.

Tricksters are taking advantage of the cryptocurrency hype, especially among the amateurs who want to hold some bullish tokens. In one of such malicious attempts, a company by an eye-catching name of Google Commerce Ltd has siphoned off more than $388,000 from its users, The Next Web reports. The company sold its Android application for $388 per download while claiming to provide downloaders 1 Ethreum token in return. The users, however, received an image – that of Ethereum.

Source: Lukas Stefanko/ Twitter

More than 100 individuals installed the application from Google Play Store since its last update on August 14, 2017. It is apparent that Google Commerce Ltd was a farce, and it went unnoticed for too long even after gaming the system. Only after the news came to surface, Play Store removed the app.

It would appear…

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