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App Offering Free BTC and ETH Allegedly a Scam, Warns Malware Hunter

Despite the crypto market breaking record after records in 2019, suspicious players keep on popping out in the cryptosphere. This time, an app that asserts to offer users the opportunity to earn forty-five dollar per day in free BTC has come out to be a scam, as per a tweet by an independent malware hunter posted on May 20.

Notably, Bitcoin Collector, the aforementioned software, is advertised on a website that allegedly facilitates users to share a unique URL with their friends with payouts of three ETH(worth more than USD eight hundred at the time of reporting) for every thousand people who click on it.

Nonetheless, as per a security researcher who is known by the nickname Frost on social networking site Twitter, the app is a front for endeavors to whip login credentials and capital.

It is to be noted that downloading the software, at first, launched ransomware that apprised consumers all of their information had been encrypted using the most cryptographic algorithms. It further added that no system administrator on the planet can crack this difficulty without knowing the password.

Lately, the rip-off evolved into a Trojan, potentially facilitating fraudsters to whip cryptocurrency and digital asset wallets, log in details, and files. Furthermore, they can take screenshots and review browsing history devoid of the victim’s awareness.

Wicked software that attempts to deceive inexperienced and innocent crypto and digital asset enthusiasts are quite common in the cryptocurrency ecosystem, as several crypto media outlets have reported. Last week, researchers discovered several android apps on the Google Play store that emulate the crypto hardware wallet Trezor.

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