In Google Play application appeared allegedly for mining XRP, Cardano and Tether. However, as found by the experts of Fortinet, applications mimic the process of extraction of coins and created to broadcast advertisements to users. Writes about this Bleeping Computer.

Pseudobinary show a random hash rate and the number of extracted non-existent amount of cryptocoins. When you try to put coins in the wallet app.

The trick is that “mining” occurs when running the application. At this time, the user sees the advertising, and the creators of fake mining applications earn money.

According to researchers from ESET Lucas Stefanko, the growth in the number of such fake applications occurred in late 2017 and January 2018. In his opinion, their popularity increases during the rise of the stock market.

Note that in June, Apple is forbidden to post to the App Store for mining cryptocurrency. A month later, Google made a similar move.

We will remind, last year the developer of antivirus software ESET detected pseudocereals demanding ransom in bitcoins.

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