U.S. lawmakers have asked Apple Inc (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) to provide information on how they review fraudulent cryptocurrency apps and prevent potential scams.
What Happened: Sen. Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, sent letters on Thursday, demanding answers from Apple CEO Tim Cook and Alphabet chief Sundar Pichai.
“Cyber criminals have stolen company logos, names, and other identifying information of crypto firms and then created fake mobile apps to trick unsuspecting investors into believing they are conducting business …
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