Google Cracks Down on Crypto Scammers with Legal Action

Last Updated on April 5, 2024

Fleming Headshot
Written by
A Woman’s Hand Is Touching Screen on Tablet Computer iPad Pro at Night for Searching on Google Search Engine. Source: Aleksei - stock.adobe.com

Key Takeaways:

  • Google has filed a lawsuit against Yunfeng Sun and Hongnam Cheung for deploying deceptive applications on the Google Play store, leading to wire fraud and affecting over 100,000 users.
  • The fraudulent investment apps promised significant returns on cryptocurrencies and other investments, deceiving users with false withdrawal conditions.
  • The lawsuit underscores Google’s initiative to combat fraudulent activities, aiming to protect users and set a precedent against similar future misconduct.

Google has initiated a lawsuit against a group of individuals accused of introducing deceptive applications to the Google Play store.

These allegations involve the defendants engaging in numerous instances of wire fraud, resulting in damages to Google and negatively impacting over 100,000 of its users.

The legal action targets Yunfeng Sun and Hongnam Cheung, asserting they orchestrated a scheme involving the submission of fraudulent investment applications to Google Play.

The complaint, filed in the Southern District of New York, details how the accused provided false information concerning their identitieslocations, and the characteristics of the applications they uploaded, in an effort to deceive both Google and app users.

According to the lawsuit, these applications baited users with the allure of substantial returns on investments in cryptocurrencies and other ventures, claims which were ultimately unfounded.

Users who sought to withdraw their funds were met with requests for additional fees to access their investments and supposed earnings.

Google’s spokesperson highlighted this legal endeavor as a significant chance to establish a benchmark for addressing malicious entities.

Halimah DeLaine Prado, Google’s general counsel, expressed in a CNBC interview the company’s commitment to leveraging its resources to combat fraudulent activities that exploit its users.

This lawsuit is viewed not only as a means to safeguard users but also as a deterrent to discourage similar misconduct in the future.

About The Author

Fleming Headshot
Written by

News Reporter

Fleming Airunugba, a seasoned Web3 and crypto content expert, leverages his deep understanding of blockchain technology to bring the latest and most impactful news to the crypto community.

With a knack for engaging storytelling and strategic content creation, Fleming is dedicated to educating and inspiring his audience with insightful analysis on cryptocurrencies, NFTs, and the future of digital finance.

Check Fleming out on: