User says ~$600K of bitcoin was stolen after using a fake app for cryptocurrency hardware wallet Trezor downloaded from the App Store; app was rated five stars
Recent scams show there are holes in Apple's safety net — Phillipe Christodoulou wanted to check his bitcoin balance last month …
Washington Post Reed Albergotti
Related Coverage
- View article Fortune
- View article HotHardware.com News
- Bitcoin scam app on Apple's App Store dupes user into forking over $600,000 Laptop Mag · Darragh Murphy
- Bitcoin Scam App Approved by Apple Robs iPhone User of $600,000+ MacRumors · Juli Clover
- Man Blames Apple for $600K Bitcoin Theft Newser · Arden Dier
- Bogus Trezor iOS App Snares Investor's USD 1M Bitcoin Savings Cryptonews · Tim Alper
- Apple Store App Steals $600,000 In Bitcoin cryptodaily.co.uk · Sally Ho
- iPhone user loses $600,000 after downloading scam Bitcoin app from Apple's store TechSpot · Rob Thubron
- iPhone user blames Apple for $600K Bitcoin theft via fake app Cointelegraph · Helen Partz
- Apple Approved Bitcoin Scam App Robs Man Of $600,000 Ubergizmo · Tyler Lee
Discussion
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@lopp
Jameson Lopp
on x
STOP ENTERING SEED PHRASES INTO SOFTWARE ONLY ENTER SEEDS INTO DEDICATED BITCOIN HARDWARE DEVICES https://www.washingtonpost.com/ ...
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@scottmelker
@scottmelker
on x
This is a f*cking nightmare. Scammed by a fake Trezor app in the “curated and safe” Apple App Store. Be careful out there. https://www.washingtonpost.com/ ...
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@keleftheriou
Kosta Eleftheriou
on x
Next, the description begins with an awesome typo: “Here's what you can do with out app” In the reviews, we see lots of duplicates and more typos: https://twitter.com/...
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@lee_holmes
Lee Holmes
on x
These words hurt so much to read: “... life savings in bitcoin.” Our schooling systems need to do a better job teaching people how to handle money. https://twitter.com/...
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@keleftheriou
Kosta Eleftheriou
on x
App Store ratings are HARMFUL, not “trustworthy”. Stellar-rated scam steals $600k life savings in an instant. “Apple doesn't deserve to get away with this.” https://www.washingtonpost.com/ ...
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@reedalbergotti
Reed Albergotti
on x
Bottom line: Apple might have restrictions on mobile software distribution and it might collect big commissions. But when it comes to safety, the App Store is a lot more like the open internet than the company likes to admit. The assertion that control = safety is simply false.
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@santisiri
Santi.Eth
on x
remember my friend who lost his life savings due to a phishing app pretending to be a trezor app in @apple's app store? we are now looking for an attorney to take his case and go after apple. please reach out if you know someone that can help. https://www.washingtonpost.com/ ...
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@patrickmcgee_
Patrick McGee
on x
“the Trezor app had 155 reviews on the App Store for a rating of close to 5 stars... The ratings that helped make the app seem legitimate must have been fake” Yup. systematically inflated across the board, overwhelming actual user reviews. See: https://www.ft.com/... https://twit…
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@firt
Maximiliano Firtman
on x
It's interesting to see that the web may be safer here as you have a URL and a certificate to verify. It can be tricked, of course also, but on App Store, everything seems more obscure. You can only see a developer's fancy name for security and ownership. https://twitter.com/...
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@stephennellis
Stephen Nellis
on x
Important thread. The notion that Apple pre-screens every bit of every app on the App Store is objectively false. The company's system *relies* on user reports/complaints and media attention for enforcement. https://twitter.com/...
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@keleftheriou
Kosta Eleftheriou
on x
This App Store scam is just too funny. First, the app has a 5.0 average rating - the stuff of legends among honest developers: https://apps.apple.com/...
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@appfairness
@appfairness
on x
Apple frequently pushes myths about user privacy and security as a shield against its anti-competitive App Store practices. The truth is, Apple's security ‘standards’ are inconsistently applied across apps and only enforced when it benefits Apple. https://www.washingtonpost.com/ …
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@_benkaufman
Ben Kaufman
on x
This is probably the biggest risk to your #Bitcoin DO NOT ENTER YOUR SEED PHRASE TO AN ONLINE COMPUTER. NO MATTER HOW NICELY YOUR WALLET SOFTWARE ASKS YOU FOR IT https://twitter.com/...
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@timsweeneyepic
Tim Sweeney
on x
Apple says it must block all competing stores on iOS because it alone can protect users. This is a lie. The App Store is full of scams, and competition - including competing on app quality - is desperately needed. https://twitter.com/...
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@reedalbergotti
Reed Albergotti
on x
Apple's been criticized by congress and developers for its strict control of the App Store and its defense has revolved around one fundamental truth that most people believe: The App Store is safe because Apple tightly controls it. (It's 2021 and this is my first thread ever)