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

Posted on July 30, 2022August 27, 2023 By bot

U.

S.

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.
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