iPhone user loses $600,000 in Bitcoin to scam app, blames Apple
What you need to know
- An iPhone customer lost $600,000 in Bitcoin after giving away his credentials to a scam app.
- Phillipe Christodoulou says Apple is to blame for allowing a fake app onto its App Store.
- Christodoulou is apparently not the first person to lose money to 'Trezor'.
An iPhone customer by the name of Phillipe Christodoulou lost $600,000 worth of Bitcoin to a scam app called Trezor and says Apple should be held accountable.
From The Washington Post:
The report says that Christodoulou is "angrier at Apple" than the thieves who stole from him, sayings that Apple markets the App Store as a safe and trusted place, reportedly stating "They betrayed the trust that I had in them. Apple doesn't deserve to get away with this."
A spokesperson for Apple told the Post "User trust is at the foundation of why we created the App Store, and we have only deepened that commitment in the years since. Study after study has shown that the App Store is the most secure app marketplace in the world, and we are constantly at work to maintain that standard and to further strengthen the App Store's protections. In the limited instances when criminals defraud our users, we take swift action against these actors as well as to prevent similar violations in the future."
Unfortunately, it seems that other people have also fallen for the 'Trezor' app in the App Store, with UK company Coinfirm stating five people have reported having cryptocurrency stolen to the tune of $1.6 million. All of this, despite the fact that Trezor doesn't actually seem to have an official iOS app, and makes no mention of one anywhere on its website. Trezor suite consists of a Windows, macOS, and Linux desktop application, and there is also an Android version of the Suite on the way, but apps don't seem to have been released on either this or iOS. As the report states:
The report notes the app might have got through the App Store review process by posing as a "cryptography" app for encrypting files and storing passwords, before changing itself into a cryptocurrency wallet without alerting Apple. Amongst many fake five-star reviews, there were also reported complaints of people who had been scammed by the app in the same way.
The report cites an engineer from Georgia who lost about $14,000 worth of Bitcoin to the fake Trezor app. James Fajcz also says Apple is responsible:
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9