Apple sued over fake App Store crypto wallet app stealing $1.8M in Bitcoin

Apple sued over fake App Store crypto wallet app stealing .8M in Bitcoin

Three plaintiffs allege they lost about $1.8 million in Bitcoin after downloading a fake Sparrow Wallet app from Apple’s App Store and entering their seed phrases. The lawsuit claims Apple failed to stop repeated scams impersonating Sparrow Wallet, even after earlier warnings, and asks the company to improve fraud detection and warn users about crypto app risks. #SparrowWallet #AppleAppStore #JamesRamirez #ChristopherEllis #JalenDelgado

Keypoints

  • Three users say a fake Sparrow Wallet app stole about $1.8 million in Bitcoin.
  • The malicious app tricked victims into entering their seed phrases.
  • Plaintiffs claim Apple failed to adequately review and monitor App Store apps.
  • The complaint says Apple had earlier warnings about fake Sparrow Wallet apps.
  • The lawsuit seeks reimbursement, damages, and stronger App Store fraud warnings.

Read More: https://www.bleepingcomputer.com/news/apple/apple-sued-over-fake-app-store-crypto-wallet-app-stealing-18m-in-bitcoin/