Senator presses Google and Apple on crypto app fraud
Ohio Senator Sherrod Brown, chairman of the Senate Committee on Banking, Housing, and Urban Affairs, sent letters to Apple and Google CEOs Tim Cook and Sundar Pichai requesting information about the companies’ policies to prevent fraudulent app activity.
The letter follows an FBI investigation warning against fake cryptocurrency apps that have scammed investors for more than $42m in losses.
Apple and Google have come under scrutiny for their app store policies in recent weeks, including for allowing TikTok to be downloaded despite it being a potential national security threat.
