Google is taking legal action against a group of people accused of running a massive crypto scam.
The Scam
Since at least 2019, the scammers have allegedly created over 87 fake apps on Google Play. These apps pretended to be real investment and crypto trading platforms.
The scammers used tactics like fake text messages, YouTube ads, and affiliate marketing to trick people into downloading the apps.
The Victims
Over 100,000 people worldwide have been scammed by these apps. They have lost over $1 billion in the US alone in 2023.
Google’s Response
Google is taking this seriously. They have removed the malicious apps and set up a cybersecurity team to stop similar scams in the future.
Google is also suing the scammers for over $75,000 to cover the costs of the investigation and to protect their platform. They are also asking the court to ban the scammers from using Google services again.
A Warning to Other Scammers
Google’s lawsuit is a warning to other scammers that they will not tolerate this behavior. They are committed to protecting their users from fraud and scams.
