Summary
TLDR: Google has sued two developers for using its Play Store to sell fraudulent cryptocurrency apps, posing as potential romantic partners to con users into investing in scams. The developers allegedly promoted their apps through YouTube videos and Google Voice, resulting in financial losses ranging from hundreds to tens of thousands of dollars per victim. Google is committed to preventing cryptocurrency scams on its platforms.
Key Points
1. Google has sued two developers for allegedly using its Android-based Play Store to sell fraudulent apps targeting cryptocurrency investors.
2. The developers lured users with promises of high returns on investments in cryptocurrency, including a coin called “SkypeCoin,” only to scam them when they tried to cash out their balances.
3. The defendants allegedly promoted their apps through YouTube videos and tried to manipulate users into investing by posing as “friends” or “romantic partners” and offering false reassurances about the investments.