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Chronicles

The story behind the story

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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

Discussion

  • @lopp Jameson Lopp on x
    STOP ENTERING SEED PHRASES INTO SOFTWARE ONLY ENTER SEEDS INTO DEDICATED BITCOIN HARDWARE DEVICES https://www.washingtonpost.com/ ...
  • @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/ ...
  • @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/...
  • @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/...
  • @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/ ...
  • @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.
  • @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/ ...
  • @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…
  • @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/...
  • @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/...
  • @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/...
  • @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/ …
  • @_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/...
  • @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/...
  • @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)