Facebook Sues Two Android App Developers for Click Injection Fraud

Facebook has filed a lawsuit against two shady Android app developers accused of making illegal money by hijacking users’ smartphones to fraudulently click on Facebook ads. According to Facebook, Hong Kong-based ‘LionMobi’ and Singapore-based ‘JediMobi’ app developers were distributing malicious Android apps via the official Google Play Store that exploit a technique known as “click…

US state regulator slaps ‘fraudulent’ ICOs with cease and desist orders

A US state regulator is cracking down on two New Jersey-based initial coin offerings (ICO) offering “fraudulent unregistered securities.” The Bureau of Securities issued emergency cease and desist orders as part of “Operation Cryptosweep” – an international crackdown on fraudulent ICOs and cryptocurrency-related investment schemes – against Zoptax LLC (also known as Zoptax) and Unocall.…