Google Sues Chinese Developers Over Crypto Scam Targeting 100,000 Users
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Google sued two Chinese app developers for allegedly running a pig butchering crypto scam targeting 100K users over 4 years via 87 fraudulent apps.
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The scam displayed fake investment returns then prevented withdrawals, siphoning up to $75K per victim.
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Tactics included building fake friendships on Google Voice, promoting sham opportunities on YouTube, and affiliate marketing on social media.
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Fraudulent apps included fake crypto exchanges like TionRT and SkypeWallet, and an app called Starlight that scammed 6K Ghanaians.
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Google estimates 100K users globally and 8.7K Americans were victimized, and is seeking an injunction to prevent further harm.