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{"id":11202,"date":"2022-07-29T14:47:43","date_gmt":"2022-07-29T14:47:43","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/07\/29\/apple-and-google-come-under-scrutiny-for-scammy-crypto-apps\/"},"modified":"2022-07-29T14:47:44","modified_gmt":"2022-07-29T14:47:44","slug":"apple-and-google-come-under-scrutiny-for-scammy-crypto-apps","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/07\/29\/apple-and-google-come-under-scrutiny-for-scammy-crypto-apps\/","title":{"rendered":"Apple and Google come under scrutiny for scammy crypto apps"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/7\/28\/23282297\/apple-google-cryptocurrency-app-scams-trading-investors-senate<\/a>
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From Elon Musk Twitter impersonators<\/a> to dubious Discord chats<\/a>, cryptocurrency and non-fungible token (NFT) scammers have stolen billions of dollars from investors over the last few years. But now, politicians and law enforcement are turning their attention to Apple and Google \u2014 companies that operate huge app stores \u2014 and how they review fraudulent crypto apps.<\/p>\n

In letters to Apple CEO Tim Cook<\/a> and Google CEO Sundar Pichai<\/a> on Thursday, Sen. Sherrod Brown (D-OH) asked that the companies explain their processes in reviewing and approving crypto trading and wallet apps for download on their app stores. Brown\u2019s inquiry follows a recently released FBI report<\/a> warning that 244 investors have been scammed out of $42.7 million from fraudulent cryptocurrency apps claiming to be credible investment platforms in under a year.<\/p>\n

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