It has been reported that a cryptocurrency fraud application on Apple’s application platform App Store stole $ 600,000 worth of Bitcoin (BTC) from the iOS user.
In the news shared in The Washington Post newspaper Tuesday, crypto owner Phillipe Christodoulou fell victim to a fraud app on the App Store and lost almost all of his savings to the fake crypto wallet app.
Christodoulou entered the App Store to search for a mobile Trezor app to check his Bitcoin balance by phone. Not aware that Trezor does not currently offer an iOS app, Christodoulou downloaded a fake Trezor app with a rating close to five stars. Christodoulou said his deposit of 17.1 BTC was stolen after entering the seed data.
Christodoulou argued that Apple, which receives 15 to 30 percent commission on application sales, should be held responsible for this situation. “They betrayed my trust in them. Apple will not get away with it,” he said. Christodoulou also submitted a report to the Federal Bureau of Investigation, according to the Washington Post.
Following the notification from Trezor, Apple removed the fake Trezor app several times, but it continued to appear in the App Store days later.
The cryptocurrency community disagrees over whether Apple should be blamed for the incident. Cryptocurrency investor Scott Melker, what he did on Twitter in the statement“It’s a goddamn nightmare. ‘Curated and safe.’ He was defrauded by a fake Trezor app on the Apple App Store,” he said. “Stop entering seed data into the software. Enter them only on dedicated Bitcoin hardware devices,” said Jameson Lopp, co-founder of cryptocurrency storage platform Casa. said.
Fake cryptocurrency wallet and trading apps have previously appeared on the App Store. UK-based crypto intelligence firm Coinfirm said that five people’s cryptocurrencies were stolen by a fake Trezor app on iOS, with total losses reaching $ 1.6 million.
Trezor spokesperson Kristyna Mazankova told Cointelegraph that the firm has been fighting against fraudulent practices for years. Noting that Trezor reported three fake Trezor apps to Apple in 2021, “We have had a process of reporting phishing sites and apps since mid-2019,” he said.
“It takes days to uninstall apps, and we get no response from either Apple or Google. So it is difficult for us to know exactly how long the apps were open and how many people were fooled,” Mazankova said. Trezor plans to roll out a mobile app for iOS in the fourth quarter of 2021.
Apple has not yet responded to Cointelegraph’s request for comment.