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Google's Lawsuit Takes Aim at Crypto Scammers, Protecting Users from Digital Deceit

Google's Lawsuit Takes Aim at Crypto Scammers, Protecting Users from Digital Deceit
Google's Lawsuit Takes Aim at Crypto Scammers, Protecting Users from Digital Deceit

Crypto Scammers Targeted by Google Lawsuit

Cryptocurrency scammers have long been a problem, but Google has taken unprecedented action by filing a lawsuit against alleged perpetrators. The lawsuit accuses two app developers based in China and Hong Kong of defrauding over 100,000 individuals, with losses ranging from $100 to tens of thousands of dollars.

The developers and their associates allegedly uploaded 87 fraudulent crypto and investment apps to the Play Store. Using romance scams via text messages, they targeted victims in the US and Canada. Promotional videos on YouTube and affiliate marketing were also employed, where people received commissions for recruiting others.

Google's complaint highlights the scammers' use of spam messages with lines like "I am Sophia, do you remember me?" Victims were directed to move conversations to WhatsApp, where they were encouraged to download fake apps and deposit money. Some were even recruited as affiliates to promote the apps.

To maintain the illusion of legitimacy, the apps displayed users' balances and investment earnings but prevented withdrawals. Small withdrawals were occasionally allowed to create a false sense of security. Fees or minimum balance thresholds were also employed to hinder withdrawals.

Despite Google's efforts to remove the apps from the Play Store, the scammers uploaded new versions, using various network infrastructures and accounts to conceal their identities and deceive Google.

Google claims the developers violated its terms of service and the Racketeer Influenced and Corrupt Organizations Act. The company has incur

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