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
USDC Supply Increases While USDT Supply Decreases in Q1 2026

USDC's supply increased by approximately $2 billion while USDT's supply decreased by about $3 billion in Q1 2026.

Cardano's Price Analysis Shows Potential for Recovery

Technical analysis by Crypto Patel indicates that Cardano's price may be bottoming out, with a structured recovery path outlined.

Ghana Pioneers Payment Integration with National ID on XRP Ledger

Ghana has integrated payment functionality into its national identity card, the Ghana Card, allowing citizens to use it for online shopping, ATM withdrawals, and international transfers.

Strive and Tuttle Capital Management Submit Prospectus for New Leveraged Bitcoin ETF

Strive and Tuttle Capital Management have filed a prospectus for a leveraged Bitcoin ETF, proposing a fund that gains exposure through preferred equity securities.

Russia's Bitcoin Mining Benefits from Low Energy Costs

Russia ranks second in Bitcoin mining due to low energy costs and a structured regulatory framework, benefiting from a cold climate that reduces cooling expenses.

China's Bitcoin Mining Presence Persists Despite Ban

China's Bitcoin mining presence continues despite a ban, attributed to underground operations and cross-border arrangements.

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