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Apple has been blamed for enabling a scam app to steal bitcoin worth $600,000 from a man, by listing the fake app that pretended to be by another company in the App Store.
Cryptocurrency owner Phillipe Christodoulou discovered an app he had installed on his iPhone was fake in February, when he went to check his savings. The app, which was supposedly a companion app for cryptocurrency storage device producer Treznor, turned out to not be associated with the firm at all.
The mistake cost the user dearly, with Christodoulou claiming he had lost 17.1 bitcoin, which was valued at $600,000 at the time, reports the Washington Post. The app was fake, and had effectively handed over the cryptocurrency to scammers.
The app was listed in the App Store under the Treznor brand, though the company doesn't produce apps for its hardware wallets. Instead, thieves created the app and hosted it on the App Store in January in a bid to steal funds.
Cryptocurrency owner Phillipe Christodoulou discovered an app he had installed on his iPhone was fake in February, when he went to check his savings. The app, which was supposedly a companion app for cryptocurrency storage device producer Treznor, turned out to not be associated with the firm at all.
The mistake cost the user dearly, with Christodoulou claiming he had lost 17.1 bitcoin, which was valued at $600,000 at the time, reports the Washington Post. The app was fake, and had effectively handed over the cryptocurrency to scammers.
The app was listed in the App Store under the Treznor brand, though the company doesn't produce apps for its hardware wallets. Instead, thieves created the app and hosted it on the App Store in January in a bid to steal funds.
https://appleinsider.com/articles/21/03/30/...pp-in-app-store

Apr 13 2021, 02:55 AM, updated 5y ago
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