Google has filed a lawsuit against a group of crypto scammers, accusing them of defrauding over 100,000 people worldwide by uploading fraudulent investment and crypto exchange apps to Google Play. The company is taking action to set a legal precedent and protect users from such scams. The lawsuit alleges that the scammers made false representations to Google to upload their apps, deceiving users about their identity and the nature of the apps. Google is bringing civil claims under the RICO law and breach of contract against the scammers, identified as Yunfeng Sun and Hongnam Cheung. The scammers designed their apps to appear legitimate, tricking users into investing without being able to withdraw their funds. Victims alerted Google to the fake apps, leading to the lawsuit. Google is seeking damages and a permanent injunction against the defendants to prevent similar schemes in the future.
Google has filed a lawsuit against a group of crypto scammers who allegedly defrauded over 100,000 people worldwide by uploading fake investment and crypto exchange apps to Google Play. This is the first time a tech company has taken legal action against crypto scammers, with Google aiming to set a legal precedent to protect users. The scammers made misrepresentations to Google to upload their fraudulent apps, leading users to believe they were earning returns on their investments when they were not. Google detected the fake apps after victims contacted the company, and is now seeking damages and a permanent injunction against the scammers.
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