Apple kept fake bitcoin wallet on App Store after $875,000 theft report, lawsuit alleges A lawsuit alleges Apple kept a fake bitcoin wallet app on its store after one user reported an $875,000 theft, leading to another user having roughly $840,000 stolen. – A lawsuit alleges…
ple kept a fake bitcoin wallet app on its store after one user reported an $875,000 theft, leading to another user having roughly $840,000 stolen. – Three plaintiffs claim to have lost $1.84 million collectively after entering their seed phrases into the app. – Apple has since removed the app and terminated associated developer accounts in its efforts to combat App Store fraud and scams. Apple (AAPL) allegedly allowed a fraudulent bitcoin wallet app to remain in its App Store for more than a week after a customer reported losing $875,000, leading another user to lose roughly $840,000, according to a federal lawsuit
In the suit, filed July 24 and spotted by MacRumors, three people say they collectively had about $1.84 million stolen after downloading an app impersonating Sparrow Wallet and entering their bitcoin In a suit filed at the U.S. District Court for the Northern District of California, the plaintiffs argue Apple’s marketing led them to believe applications in its tightly controlled marketplace were vetted and safe. They brought eight claims covering consumer-protection laws, fraudulent and negligent misrepresentation and failure to warn.
Apple has faced similar lawsuits before. In 2021, cryptocurrency holders sued the company over a “fake” wallet app scam in a case that was dismissed. A federal judge agreed with Apple that it couldn’t be held liable for the app because it was considered the publisher of the content, not its creator.