Apple Approves Six New Malicious Bitcoin Wallets For Its App Store
For the time being, Bitcoin and other cryptocurrencies remain a high-value target for criminals. Fake Bitcoin wallets are a real threat to the cryptocurrency ecosystem. Mainly the Apple App Store seems to allow illegitimate wallets more often than not. A total of six new false wallets has been added to the Apple App Store over the past few days. Bitcoin users need to be aware of these issues and make sure they only install legitimate offerings. Six new malicious wallets on the Apple App Store is quite a significant development. Not in a positive manner by any means, though, as the....
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...wow? Yes, really. After just recently removing Blockchain from the App Store, Apple has approved the first Dogecoin wallet app for the App Store. It's called MYDOGE, and it's available free for iPhones, iPads, and iPod Touches. This is pretty surprising seeing that Apple's been aggressively removing Bitcoin wallets from the App Store. Why should Dogecoin be treated any differently? It seems that MYDOGE is a read-only wallet. It can be used to monitor a wallet's balance, but it CANNOT be used to send or receive DOGE. This might help explain how the app got approved, since it's not really....
It is not the first time fake Bitcoin wallet applications are made available in the Apple App Store either. Malicious Bitcoin wallets on mobile devices are a bigger threat than most people give it credit for. Mainly the Apple App Store seems to be rather lenient towards these types of applications, as they appear to slip through the verification process without much problems. The latest addition to this growing list is Bitwallet, which is allegedly created by the GreenAddress team. To make things clear, the GreenAddress team has not created the iOS BitWallet application. Somebody is....
A crypto investor has filed a class-action lawsuit against Apple Inc. after she downloaded a malicious application from the company’s App Store that led to the theft of her cryptocurrencies.
Apple Sued Over Theft of Cryptocurrency Due to Malicious App
Hadona Diep, a resident of the U.S. state of Maryland and a full-time cyber-security IT professional, has filed a class-action lawsuit against Apple Inc. She alleges that the company authorized and maintained “a malicious application” in its App Store despite knowledge of the criminal activity. In addition, the....
Historically, Apple and cryptocurrency have had a contentious relationship, largely because Apple refused to allow the development of any iPhone apps that enabled the transmission of cryptocurrency. However, Apple recently revised their app development guidelines, which gave iPhone owners hope that they would once again be able to download popular mobile wallets like Coinbase and Blockchain. Though only Apple only just announced the guideline changes, developers are already resubmitting their mobile wallets to Apple for approval. The first mobile wallet to appear on the App Store belongs....
Bitple's Interface. Apple has recently approved Bitple for the App Store. Bitple is a virtual Bitcoin trading simulator that allows users to experience trading Bitcoin with fake money. The user is given $10,000 of play money and is then left on their own to create buy and sell orders and to try to generate a profit from trading Bitcoin. Apple has had a very strictAnti-Bitcoin policy since late 2013. There have not been a Bitcoin wallet available since February 6th when the last remaining wallet called Blockchain was removed from the store. The terms and conditions of the App Store state:....