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
Made with AI
Tier I
Sector: #18291
Sealed Cache Room
Resource Cache
Tier I
Meme Cache
Tier I
Equipment Cache
Tier I
After collecting, caches will be stored in your inventory and can be opened with Keys.
Tier I
Sector: #18291
25%
50%
75%
100%
Tier II
Survivors rescued:
0 / 600
Survivors
0/0
Other news
NEAR Protocol Achieves 50 Million Operations Milestone
NEAR Protocol's chain abstraction infrastructure has surpassed 50 million lifetime operations, marking a significant achievement in simplifying multichain crypto interactions.
Solana Sees Significant RWA Inflows
Solana has recorded $348 million in net inflows of real-world assets over the past 30 days, increasing its tokenized RWA value to $720 million.
Aave Governance Considers Emergency Powers to Protect Users
Aave governance is considering a proposal to grant emergency powers to guardians to freeze vulnerable lending pools during security threats.
Router Protocol Users Must Move Assets During Grace Period
Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.
Arbitrum Proposes Disqualification of Three DeFi Protocols from Future Grants
A new governance proposal by Arbitrum aims to disqualify three DeFi protocols from future DAO grant allocations due to alleged reporting failures and misuse of prior incentives.
Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens
Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.
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