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
Hyderabad Police's Role in Coinbase Data Breach Arrest

The arrest of a former Coinbase customer service agent by the Hyderabad Police highlights the critical role of global collaboration in combating cybercrime.

Crypto Market Enters a Quiet Phase as Traders Await Signals

The crypto market is experiencing a calm period as traders await clear signals before acting.

Interhash Acquires Controlling Stake in Neopool

Interhash has acquired a controlling stake in Neopool, a leading Bitcoin mining pool, during the Bitcoin MENA 2025 conference.

Bitcoin Remains Steady Amid Market Consolidation

Bitcoin is holding steady within a descending range, while several altcoins are quietly building strength.

Can XRP Price Reach $100? Experts Weigh In

The feasibility of XRP reaching a price of $100 is being debated among investors and analysts, considering its large supply and market conditions.

Michael Selig Appointed as CFTC Chair to Strengthen US Crypto Regulations

Michael Selig has been appointed as the Chair of the CFTC to enhance US crypto regulations.

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