Apple Inc. Finds A Way To Escape From Fake Crypto Wallet Hosting Case
The world’s largest tech company by market cap, Apple Inc., managed to get rid of the proposed Class Action Lawsuit for allegedly hosting a spoofed crypto wallet, Toast Plus. Initially, Hodana Diep filed a complaint against the firm in U.S. Maryland District Court in September 2021. The accuser alleged that the tech company had violated […]
Related News
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....
Fake bitcoin wallet apps have emerged in the Apple iTunes App Store, potentially putting bitcoin accounts at risk and reinforcing the need for people to make sure they are downloading apps from official wallet websites, according to Kyt Dotson, a senior editor at Silicon Angle. A representative of Breadwallet, a bitcoin app available in App Store and Google Play, has posted a notice on Reddit listing a number of fake bitcoin wallet apps in the iTunes App store, calling into question Apple’s vetting process. The fake apps have names similar to the official mobile wallet apps, but they can....
A federal judge in California has ruled that Apple Inc. is shielded from the “Toast Plus” class action lawsuit where a fake crypto wallet app was available in the Apple App Store. A customer sued the tech giant after downloading the fraudulent app and lost some crypto.
Apple Not Liable for Loss After Customer Downloaded Fake Crypto App
Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California has ruled that Apple Inc. is not liable in a class action lawsuit where a fraudulent cryptocurrency wallet app was available for download on....
Apple removed the fake Trezor app several times, but it kept appearing on the App Store days later. A scam cryptocurrency app on Apple’s app distribution service App Store has reportedly stolen $600,000 Bitcoin (BTC) from one iOS user.Cryptocurrency holder Phillipe Christodoulou fell victim to a scam app on the App Store, losing nearly all his life savings to a fake crypto wallet application, The Washington Post reports Tuesday.Christodoulou went on the App Store last month to search for a mobile Trezor app to check his Bitcoin balance via phone. Unaware that Trezor does not currently....
A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,” said Senator Sherrod Brown. “Reports have emerged of fake crypto apps that have scammed hundreds of investors.”
U.S. Senator Questions Chief Executives of Apple and Google on Fake Crypto Apps
Senator Sherrod Brown (D-OH), chairman of the Senate Committee on Banking,....