Google Takes Legal Action Against Fraudulent Crypto Apps Distributors
Google recently filed a lawsuit in the Southern District of New York against individuals accused of defrauding over 100,000 people worldwide through the distribution of counterfeit crypto apps on its Google Play store. The move is part of Google’s efforts to combat crypto scams and protect users from fraudulent activities.
The defendants, identified as Yunfeng Sun and Hongnam Cheung, allegedly posted 87 fake investment and crypto exchange apps on Google Play, providing false information about their identities and the nature of their apps. Google’s general counsel highlighted the importance of the lawsuit in addressing crypto fraud and protecting users.
The legal action includes civil claims under the Racketeer Influenced and Corrupt Organizations Act and breach of contract claims. The accused used various methods to attract users to their apps, deceiving them with fake investment balances and returns and preventing them from withdrawing funds.
Google has responded to these deceptive practices by enhancing its cybersecurity measures and forming partnerships with law enforcement. The company claims to have incurred damages of over $75,000 due to investigative costs. Google seeks damages and a permanent injunction against the defendants to protect its users and platform integrity.
This lawsuit is part of Google’s broader strategy to combat online scams and cybersecurity threats to ensure a safe environment for its users.
