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

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A rip-off cryptocurrency app on Apple’s app distribution service App Retailer has reportedly stolen $600,000 Bitcoin (BTC) from one iOS user.

Cryptocurrency holder Phillipe Christodoulou fell sufferer to a rip-off app on the App Retailer, shedding almost all his life financial savings to a fake crypto pockets utility, The Washington Publish reviews Tuesday.

Christodoulou went on the App Retailer final month to look for a cellular Trezor app to verify his Bitcoin stability via cellphone. Unaware that Trezor doesn’t presently present an iOS app, Christodoulou downloaded a doppelgänger Trezor utility that boasted shut to 5 stars, giving the impression that it was certainly an official app. After coming into his seed phrase, Christodoulou stated that his financial savings of 17.1 BTC have been stolen.

Christodoulou stated that Apple, which collects 15% to 30% commissions on gross sales, needs to be held accountable for this example. “They betrayed the trust that I had in them. Apple doesn’t deserve to get away with this,” he said. In keeping with the Washington Publish, Christodoulou filed a report with the Federal Bureau of Investigation.

Following notification from Trezor, Apple eliminated the fake Trezor app a number of occasions, but it surely saved showing on the App Retailer days later.

The crypto neighborhood issomewhat divided on whether or not Apple needs to be blamed for the accident. “This is a f*cking nightmare. Scammed by a fake Trezor app in the ‘curated and safe’ Apple App Store,” crypto investor Scott Melker stated on Twitter. Jameson Lopp, co-founder of crypto custody platform Casa stated, “Stop entering seed phrases into software. Only enter seeds into dedicated Bitcoin hardware devices.”

Fake cryptocurrency pockets and buying and selling apps have appeared on the App Retailer earlier than. United Kingdom-based crypto intelligence firm Coinfirm stated that 5 individuals have reported having their crypto stolen by a fake Trezor app on iOS, with whole losses estimated at $1.6 million. 

Trezor has alsowarned customers about fraudulent doppelgänger apps on the Google Play Retailer. 

Apple and Trezor didn’t instantly reply to Cointelegraph’s request for remark.

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