iPhone user blames Apple for $600K Bitcoin theft via fake app

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iPhone user blames Apple for $600K Bitcoin theft via fake app

A fraudulent crypto currency app on Apple’s App Store has reportedly stolen $600,000 worth of bitcoin (BTC) from an iOS user.

Cryptocurrency owner Philippe Christodoulou fell victim to an app store scam and lost almost all of his savings to a fake cryptocurrency wallet app, The Washington Post reported Tuesday.

Last month, Christodoulou went to the App Store to find the mobile app Trezor, which allowed him to check the balance of his bitcoin account on his phone. Unaware that Trezor does not currently have an iOS app, Christodoulou downloaded the Trezor lookalike app, which has almost five stars and feels like an official app. In presenting his seed sentence, Christodoulou said his $17.1 billion in savings had been stolen.

According to Christodoulou, Apple, which receives a commission of 15 to 30 percent on sales, should be held accountable for this situation. They betrayed the trust I had in them. Apple doesn’t deserve to get away with this, he said. According to the Washington Post, Christodoulou has filed a complaint with the Federal Bureau of Investigation.

After being notified by Trezor, Apple removed the fake Trezor app several times, but it still appeared on the App Store a few days later.

The crypto community is divided on whether Apple should be held responsible for the crash. This is a fucking nightmare. Misled by the fake Trezor app in Apple’s secure App Store, crypto investor Scott Melker wrote on Twitter. Jameson Lopp, co-founder of cryptocurrency platform Casa, said: Do not enter any more seed phrases into the software. Inject the seeds only into dedicated bitcoin hardware devices.

Fake apps for wallets and trading cryptocurrencies have already popped up in the App Store. British cryptocurrency mining company Coinfirm said five people have reported that their cryptocurrencies were stolen using the fake Trezor app on iOS, with total damages estimated at $1.6 million.

Trezor has warned users about fraudulent apps in the Google Play Store.

Apple and Trezor did not immediately respond to Cointelegraph’s request for comment.

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Emilia James
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