Google has sued two of its developers who allegedly inserted 87 fraudulent crypto apps into its Google Play store.
Google and the 87 fraudulent crypto apps inserted in its store by the two accused developers
According to what reported, it seems that the search engine giant Google has sued two developers for inserting 87 fraudulent crypto apps in its Google Play.
The two accused are Yunfeng Sun and Hongnam Cheung and would have acted in the last four years, inserting scam apps involving cryptocurrencies.
Specifically, it seems that the 87 fraudulent crypto apps have affected at least 100,000 people, including 8,700 based in the USA.
Basically, developers induced victims to download the app that claimed to provide investments in cryptocurrencies. When victims then tried to withdraw their funds, fraudulent crypto apps asked them to pay high fees to cover the cost of initial investments and profits.
And in fact, these additional fees ranged from 10% to 30% for each wit
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