The fake Trezor app was removed several times by Apple, but it reappeared on the App Store days later.
A fraudulent cryptocurrency app on Apple’s app distribution service App Store allegedly stole $600,000 Bitcoin (BTC) from an iOS user.
According to The Washington Post, cryptocurrency holder Phillipe Christodoulou was a victim of an App Store scam, losing nearly all of his life savings to a fake crypto wallet application.
Last month, Christodoulou went to the App Store to look for a mobile Trezor app to check his Bitcoin balance via phone. Christodoulou, unaware that Trezor does not currently have an iOS app, downloaded a doppelganger Trezor app with nearly five stars, giving the impression that it was, in fact, an official app. Christodoulou stated that his savings of 17.1 BTC were stolen after entering his seed phrase.
Apple removed the fake Trezor app several times after receiving notification from Trezor, but it reappeared on the App Store days later.
The crypto community is split on whether Apple should be held responsible for the accident.
According to Christodoulou, Apple, which receives 15% to 30% commissions on sales, should be held accountable for this situation.
“They betrayed the trust that I had in them. Apple doesn’t deserve to get away with this,” he stated.
Christodoulou, according to the Washington Post, filed a report with the Federal Bureau of Investigation.
“This is a f*cking nightmare. Scammed by a fake Trezor app in the ‘curated and safe’ Apple App Store,” crypto investor Scott Melker said on Twitter. Jameson Lopp, co-founder of crypto custody platform Casa said, “Stop entering seed phrases into software. Only enter seeds into dedicated Bitcoin hardware devices.”
Fake cryptocurrency wallet and trading apps have previously appeared on the App Store. According to the United Kingdom-based crypto intelligence firm Coinfirm, five people have reported having their cryptocurrency stolen by a fake Trezor app on iOS, with total losses estimated at $1.6 million.
Trezor has also warned users about phony doppelgänger apps in the Google Play Store.
Apple and Trezor did not respond immediately to Cointelegraph’s request for comment.