Crypto Scammers Get the Boot: Google Cleans House and Kicks Out the Tricksters! 😂💰

Coin Genetics
2 min readSep 2, 2023

Hey there, fellow crypto enthusiasts! 🤑 Today, we’ve got a story that’s juicier than a pineapple at a tropical beach party! 🍍🏖️

So, here’s the deal: Google just dropped the banhammer on eight sneaky crypto apps that were pulling the wool over people’s eyes. 😲 They were pretending to be cloud mining services but were really just out to make a quick buck. 🕵️‍♂️

According to a Trend Micro report, over 120 fake crypto apps are still lurking in the Play Store, some with more downloads than your favorite cat videos. 🙀

But let’s focus on the eight that got the boot. 🥾 These shady apps were charging unsuspecting users a monthly fee, around 15 bucks, for what they claimed was legit cloud mining. 🌩️ Spoiler alert: it wasn’t. Instead, they tricked users into watching ads and paying for services that were about as real as a unicorn wearing sunglasses. 🦄🕶️

Some of these apps even demanded an upfront payment! Talk about cheeky. 😎

Here are the villains of our story: BitFunds, Bitcoin Miner, Daily Bitcoin Rewards, Crypto Holic, MineBit Pro, Bitcoin 2021, Ethereum — Pool Mining Cloud, and even a wallet service called Bitcoin — Pool Mining Cloud Wallet. Phew, that’s a mouthful! 😅

Google took action and kicked them out of the Play Store, but Trend Micro says there are more crypto tricksters out there, with over 120,000 downloads. Yikes! These apps pretended to mine crypto but were really just making users watch ads. 📺💰

On August 3rd, Google tightened its ad policy for crypto businesses. Now, crypto exchanges and wallet services have to jump through some hoops to advertise on Google. They need to be registered with the Financial Crimes Enforcement Network and be legit banks or money services. 🏦💼

But hold on to your hats! Google’s policy still says no to initial coin offerings, crypto-crazy businesses, and celebrities promoting digital coins. 🚫🤑

And remember, TikTok is also saying “no” to crypto ads, taking a page from Google’s book. They’re swiping left on those ads, just like you do on a dating app when things get weird. 😂📵

So, there you have it, folks! Google’s cleaning up the Play Store, and crypto scammers are feeling the heat. Stay safe out there, and keep your eyes peeled for those sneaky apps! 👀💡

Catch you on the flip side, and remember, in the world of crypto, it’s always better to be safe than sorry! 🚀💰😎

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Coin Genetics

I keep you informed about the ever-changing cryptocurrency, Crypto Scams, ICOs & Airdrops.