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Valve screens all products for malware and such before allowing them to be available on the store in any form.
I'm willing to bet this isnt a Steam problem to fix
Tell your friend to report the store page via the report flag.
It has been done, by myself as well.
That is all that needs to be done for Valve to investigate the matter.
If it was determined to be malicious, the game will be removed from Steam.
Here is a tweet showcasing over $150k stolen using steam platform. They are not paying attention at all.
Reviews on the game are all fake.
At this point, I think steam just does not care because it is related to crypto scams.
Going back to my point, there should be some sort of warning system to highlight these unverified games better. I had reported it multiple times on the steam store page, on steam support directly.
Nothing was done for a full month until a bigger scam brought attention to it.
"Steam is still learning about this game" doesn't relate to the game's safety.
Valve checks games before release. Valve doesn't proactively restrict what game developers can do with their own games after that approval. That's a good thing. That's why games can get updated much faster on Steam to fix bugs than on any console.
In all the cases I've seen, the malicious code was added after the game was already released.
There's no warning Valve can put on a game's community hub that would help against viruses because the lack of such a warning would not be any guarantee of anything.
Common sense is needed. If someone contacts you and asks you to download and run a program and you don't already trust them to that level, you should probably just say no.
A warning saying the current update is un-scanned / unverifed may help, and really wouldn't hurt. But I agree common sense is always needed. However most people assume Steam is a safe platform to download from wouldn't you agree?