US Senator Sherrod Brown, chair of the Senate Banking Committee, has asked Apple Inc. and Google to provide information on how they review fraudulent cryptocurrency apps and prevent potential scams.
<h2>US Senator Wrote to Apple and Google for Information</h2>
The U.S. Senator wrote <a href="https://www.brown.senate.gov/newsroom/press/release/sherrod-brown-presses-apple-google-protections-against-crypto-app-fraud" target="_blank" rel="nofollow noopener">letters</a> to the CEOs of Google and Apple, asking them to provide information on how they prevent fraudulent apps from advertising crypto scams. The move comes on the heels of a warning issued by the Federal Bureau of Investigation (<a href="https://www.cryptoknowmics.com/news/fbi-warns-the-public-about-fake-cryptocurrency-apps/" target="_blank" rel="noopener">FBI</a>) on July 18 regarding fake cryptocurrency apps, known to have caused losses totaling $42.7 billion.

Brown asked both the companies to send the details by August 10. The senator also asked for information about the criteria used by the companies to approve for listing on the app store and the steps taken to ensure the apps applying for listing are "trusted and secure."
<blockquote><em>"While firms that offer crypto investment and other related services should take the necessary steps to prevent fraudulent activity, including warning investors about the uptick in scams, it is likewise imperative that app stores have the proper safeguards in place to prevent against fraudulent mobile application activity,"</em> said Brown.</blockquote>
In the past, Apple has been slammed by accusations of enabling crypto fraud on its App Store. In the year 2021, an individual alleged that the company had allowed a fraudulent app that stole more than $600,000 worth of Bitcoin from him. Similarly, in 2020, scammers compromised Apple's official Twitter account to promote a Bitcoin scheme.

Fake Crypto Apps Protection: US Senator Asks Apple and Google For Info

US Senator Sherrod Brown has asked Apple and Google to provide information on how they review fraudulent cryptocurrency apps and prevent potential scams.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Fake Crypto Apps Protection: US Senator Asks Apple and Google For Info

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