Join Telegram channel and get updated

ESET specialists found a popular fraudulent miner application, which steals money earned from users.

 

Experts in the field of information security investigated the Monero Miner (XMR) program for devices running on Android. Developers from the My Portable Software company offered users to extract Montero cryptocurrency through a mobile browser. As it turned out later, the money was actually extracted, but all the earned money went into the pocket of the programmers, even if the owners of the smartphones indicated their own wallets in the settings.

 

According to analysts, the program managed to get installed on the devices of more than 50 thousand users. ESET employees told about the fraud to the representatives of Google, after which the Monero Miner (XMR) was removed from the official application store.

 

In order not to enrich the intruders, experts advise novice miners to study application reviews more closely, and also to install mobile antivirus software.

Join Telegram channel and get updated

 

Though the crypto market is still relatively new and lacks many of the traditional institutions of a civilized market, there are projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects. Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty. The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies. Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with. The multitude of factors involved in predicting a cryptocurrency’s rise or fall are all taken into account by the algorithms that Cryptics employs. Investors should consult such projects as the expense is well worth the ensured profit and peace of mind.

Subscribe to our Newsletter