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
Elliott Waves Analysis Suggests Recovery for Solana

Elliott Waves Academy identifies a potential ending diagonal pattern for Solana, suggesting a nearing conclusion of its downward trend.

Growing Concerns Over Quantum Computing Threat to Bitcoin

Growing concerns about quantum computing's potential to compromise Bitcoin security, with significant funds at risk.

Microsoft Introduces Majorana 2 Quantum Chip at Build Conference

Microsoft has introduced Majorana 2, a topological quantum chip that is significantly more reliable than its predecessor, aided by AI advancements.

Expert Analysis: Solana vs. Cardano

Market expert Anders Bylund compares Solana and Cardano, highlighting Solana's speed and low transaction costs against Cardano's research-first approach.

Charles Schwab Plans 2027 Rollout of Crypto Trading for Advisors

Charles Schwab is set to enhance its custody platform by introducing spot trading, transfer, and custody capabilities for financial advisors by 2027.

Market Shows Signs of Weakness Despite Positive Sentiment

Market shows signs of weakness despite positive sentiment in the crypto derivatives market.

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