Apple, Google told to explain themselves after crypto scams hit app stores

Senator Sherrod Brown (D-OH) has sent a letter to the CEOs of Apple and demanding the companies explain how they review and approve mobile apps for cryptocurrency trading and storing. The letter comes a few days after the FBI warned retail investors that their peers lost more than $42 million on crypto scams in less than a year. “Crypto mobile apps are available to the public through app stores, including Apple’s App Store,” the senator wrote to Cook on Thursday, according to The Verge.
…
Read more