Google Takes Legal Action Against Crypto Scam Operators

Join Our Telegram channel to stay up to date on breaking news coverage

In a groundbreaking lawsuit, Google is targeting two app developers for allegedly deploying fraudulent cryptocurrency apps on its Play Store, tricking users into parting with their money under the guise of legitimate investment opportunities. These developers, originating from China and Hong Kong, are accused of introducing 87 counterfeit apps, leading over 100,000 individuals to download them in hopes of fruitful investments. Google’s lawsuit emerges from user reports that reveal losses ranging from a minimal $100 to staggering amounts in the tens of thousands.

The scam, often referred to as “pig butchering” for its method of enticing victims before deceitfully stripping them of their funds, has been operational since at least 2019, utilizing these apps. Google’s proactive stance includes removing these deceptive apps from the Play Store, aiming to protect its user base and uphold the Play Store’s integrity. According to Halimah DeLaine Prado, Google’s general counsel, this legal move is crucial for penalizing the fraudsters and clearly stating Google’s commitment to defending its users from exploitation.

This litigation is a critical step in holding these bad actors accountable and sending a clear message that we will aggressively pursue those who seek to take advantage of our users.

Google’s Legal Battle Against Crypto Scam Architects

Google outlines in its lawsuit the methodical approach of the alleged scammers: creating counterfeit apps that mimic legitimate cryptocurrency trading and investment platforms. They falsely presented these apps to the Play Store, even disguising their true locations to bypass scrutiny. The scammers would then attract potential victims through a combination of romantic overtures sent via text messages and promotional YouTube videos. Despite the common reference to this scam as “pig butchering,” Google clarifies it neither uses nor endorses such terminology.

Victims were often drawn in with messages pretending familiarity or emotional connection, leading to conversations shifted to platforms like WhatsApp. Here, the deceit deepened, with victims persuaded to download the sham apps and invest money. Some were even enticed to promote these apps as “affiliates,” promising commission earnings.

Google alleges that the apps displayed false balances and returns, creating the illusion of profitable investments. However, when users attempted to withdraw their funds, they faced hurdles: either being allowed to withdraw only insignificant amounts, charged with fees, or met with requirements for a minimum balance, ultimately ensnaring them in further financial loss.

By filing this lawsuit, Google accuses the app developers of not only breaching its service terms but also infringing on the Racketeer Influenced and Corrupt Organizations Act. Google seeks judicial intervention to prevent these developers from continuing their fraudulent activities and to obtain an undisclosed sum in damages, highlighting the economic strain and resource diversion caused by investigating the fraud, which exceeds $75,000. This action by Google underscores a determined effort to safeguard its ecosystem against deceitful practices and reinforce the security of its marketplace for users worldwide.

Dogecoin20: Revolutionizing Meme Coins with Sustainability and Staking Rewards

In the dynamic world of cryptocurrency, Dogecoin has claimed its throne as the premier meme coin, celebrated for its philosophy of “Do Good Every Day” and reigning supreme in the meme coin category on CoinMarketCap. Despite its popularity, Dogecoin’s inherent inflationary structure and the absence of incentives for long-term holding have left certain investors seeking alternatives.

Enter Dogecoin20, a novel contender in the realm of meme coins, setting a new course towards sustainability. This Ethereum blockchain-based version of Dogecoin is not just a nod to Elon Musk’s favored digital currency but a leap towards an eco-friendly future for meme coins.

Dogecoin20 is not merely following in the footsteps of its predecessor; it is pioneering a path by merging the beloved characteristics of meme coins with practical, long-term value. This is primarily achieved through the introduction of on-chain staking mechanisms, allowing participants to earn rewards by staking their tokens to bolster the network’s security.

This initiative is poised to redefine the meme coin sector by offering something previously unseen: a tangible utility that encourages and rewards long-term engagement. With a total supply of 140 billion tokens, 25% of which are available in the ongoing presale, Dogecoin20 presents a lucrative opportunity for early adopters. This strategy, coupled with its commitment to sustainability, positions Dogecoin20 as a formidable rival to the original meme coin king.

Dogecoin20’s roadmap is clear and ambitious, aiming to propel the meme coin into a greener, more sustainable future. By aligning the whimsical spirit of meme coins with environmental consciousness and stakeholder rewards, Dogecoin20 stands out as one of the market’s most promising cryptocurrencies.

Visit Dogecoin20