App Offering Free Bitcoin and Ether to Users Is a Scam, Malware Hunter Warns

An app that claims to present customers the possibility to earn $45 a day in free bitcoin (BTC) is a rip-off, in accordance with a tweet by an “impartial malware hunter” posted on Might 20.

The software program, often known as Bitcoin Collector, is marketed on an internet site that supposedly allows customers to share a singular URL with their associates with payouts of three ether (ETH) (price about $800 at press time) for each 1,000 individuals who click on on it.

However in accordance with a safety researcher who goes by the nickname Frost on Twitter, the app is a entrance for makes an attempt to steal login credentials and cash.

At first, downloading the software program launched ransomware that warned customers all of their data had been encrypted “utilizing probably the most cryptographic algorithms,” including:

“No system administrator on the planet can clear up this drawback with out understanding the password.”

Not too long ago, the rip-off advanced right into a Trojan, doubtlessly enabling fraudsters to steal crypto wallets, information and login particulars, take screenshots and evaluation searching historical past with out the sufferer’s data.

Malicious software program that tries to dupe inexperienced crypto fanatics is comparatively widespread within the crypto area, as Cointelegraph has reported. Final week, researchers discovered apps on the Google Play retailer that imitated the pockets Trezor.

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