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
Wall Street Analysts Boost AMD Stock Price Targets Amid AI Innovations

Wall Street analysts are optimistic about AMD's stock price, raising targets due to new AI chips expected to outperform Nvidia.

Aave Proposes Crosschain Expansion for sGHO

Aave governance is reviewing a proposal to extend sGHO to crosschain capabilities using Chainlink CCIP.

Solana Transforms into a Leading Trading Venue

Solana has transformed from a competitor to Ethereum into a leading venue for fast and low-cost trading.

Ripple Recognized in CNBC and Statista's Top Fintech Companies List for Fourth Year

Ripple has been included in CNBC and Statista's list of the world's top fintech companies for the fourth consecutive year, highlighting its role in digital asset infrastructure.

Solana's DEX Volume Hits $17 Billion, Signaling Increased Trading Activity

Solana's DEX volume has surged to approximately $17 billion daily, indicating its growing role in crypto trading.

Franklin Templeton's Asset Shift to BNB Chain Signals New Era in RWA Settlement

Franklin Templeton's Benji platform has shifted its focus to BNB Chain, highlighting the importance of low-cost, high-throughput networks in real-world asset settlement.

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