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
CryptoAppsy Offers Curated News Feed for Cryptocurrency Investors

CryptoAppsy features an integrated news section that provides users with curated news relevant to their portfolio.

CryptoAppsy Attains Excellent User Ratings and Favorable Reviews.

CryptoAppsy has received positive feedback from users, achieving high ratings of 5.0 on the App Store and 4.6 on Google Play.

BlockDAG's Layer 1 Network is Live Before Public Trading

BlockDAG has launched a fully functional Layer 1 network that supports high transaction speeds, processing up to 1,400 transactions per second.

Cryptocurrency Market Remains Stable Following Federal Reserve's Rate Decision

The cryptocurrency market has reacted minimally to the Federal Reserve's decision to keep interest rates unchanged.

Bitcoin Experiences Significant Crash

Bitcoin's value plummeted by nearly $4,000 in just one hour, dropping to $92,000 after $500 million worth of levered longs were wiped out.

Gold Hits New All-Time High

Gold prices surged to a new record of $4,660 per ounce as traders pile into safe havens following new tariffs imposed by Trump on Europe.

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