Google should be blamed here for accepting such clone into it's app store. It's a finance app which would have cost some users some loses. I now see reason why iOS stores are very strict when accepting apps into in store, especially finance apps. No one would have spot the difference here except for the developer's name, download count and rating.
And that is unfortunately not always the case. The same people publishing those fake apps on the Play Store are also bomb reviewing the legit apps with 1 star reviews so they go down in the search list and also appear less legit. For example, the Ledger Live app has 1.7 stars ratings when just a few says ago, it had around 4 stars. Number of downloads are also extremely easy to bypass/spoof. You still need and iOS and Apple account to do all of that, while on Android, you just need to download an emulator or pay extremely cheap rates for farms to do that for you.
The only viable way of always going to the real app is by checking the url/full name of the app (e.g com.ledger.ledgerlive) which is unique per app and finding it through the company’s/app’s website rather than searching for it on the Play Store.
I have already talked about this. But Google has almost zero verification when letting new apps come to their store, while Apple is more of an perfectionist, doing deep analysis of what the app does and how it makes. I have published apps on both stores so I know how all of that works.