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
Ethereum Dominates DeFi and Lending Markets

Ethereum maintains a strong position in DeFi and lending, with significant liquidity and market share.

Crypto Analyst Sets Bullish Price Targets for Dogecoin

Crypto analyst Celal Kucuker sets multiple bullish price targets for Dogecoin, predicting a strong rally towards the $1 milestone influenced by Elon Musk.

Iran's Crypto Transactions Estimated at $114 Billion in 2024

Estimates suggest Iran's total crypto transaction volume reached approximately $114 billion in 2024, indicating extensive use of digital assets.

Arkham Unveils Crypto Wallet Map Linked to Iran's Central Bank

Blockchain analytics firm Arkham has created a public map of crypto wallets associated with Iran's central bank, revealing Tehran's digital holdings.

XRP Investment Products Experience Record Inflows

XRP investment products saw a significant increase in inflows last week, reaching 396 million, a 1,220% rise from the previous week.

Consensys Delays IPO Plans Amid Market Weakness

Consensys has delayed its planned US IPO, indicating that the market for crypto company listings remains weak.

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