New Android malware uses Google Play icon, conducts DDoS attacks and more(thenextweb.com)
thenextweb.com
New Android malware uses Google Play icon, conducts DDoS attacks and more
http://thenextweb.com/google/2012/12/27/new-android-malware-uses-google-play-icon-to-trick-users-conduct-ddos-attacks-and-send-spam-texts/
Though I suspect like previous botnets before it, this would be used to steal information such as bank OTPs or the like.
This is a very hot topic for research right now.