Alphabet Inc., the parent company of Google, has taken legal action against two individuals from China who utilized Google's platforms to promote fraudulent cryptocurrency apps. These apps attracted more than 100,000 downloads through Google Play and YouTube. Google alleges that the defendants engaged in racketeering by conducting numerous acts of wire fraud. The lawsuit was officially filed in a New York federal court without a specific date mentioned. The scam apps were created to deceive users into investing in fake digital assets, preventing them from withdrawing any funds. Despite Google's efforts to remove such malicious apps, many have evaded detection systems. The individuals responsible for uploading these apps have been doing so since 2019. Google's general counsel, Halimah DeLaine Prado, emphasized the importance of this legal action as a means of protecting users and deterring future fraudulent activities.
Google Files Lawsuit Against Chinese Crypto App Operators

by Giorgi Kostiuk
2 years ago

Other news
Maxi Doge MAXI Surges Amidst Regulatory Uncertainty

Maxi Doge MAXI is gaining traction in the crypto market, appealing to traders seeking high-risk, high-reward opportunities.

South Korean Authorities Increase Scrutiny on Crypto Exchanges

Following a significant blunder by Bithumb, South Korean financial authorities are tightening oversight on domestic crypto exchanges.

LiquidChain Emerges as Solution for Cross-Chain Liquidity Issues

LiquidChain is gaining traction as a Layer 3 infrastructure solution aimed at unifying liquidity across Bitcoin, Ethereum, and Solana.

Tether Plans Major Workforce Expansion Amid Regulatory Changes

Tether is set to double its workforce by hiring approximately 150 new employees over the next 18 months to adapt to a tightening regulatory environment.

US Stock Market Futures Open at All-Time High

Today, US stock market futures have opened at an all-time high, with S&P 500 futures rising by 150 points since last Friday's low.

Trump Predicts Dow Will Reach 100,000 by End of Term

President Trump predicts the Dow Jones will reach 100,000 by the end of his term, attributing recent stock market highs to his tariff strategy.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter