A whopping $974,700 worth of Bitcoin (BTC) was recently stolen from an investor. He used an app from Apple’s App Store because he believed it would be safe using an APP from Apple store. However, it was a scam and the investor is blaming Apple.
The Washington Post reports.
He believed Apple’s App Store was safe. Then a fake app stole his life savings in bitcoin. https://t.co/uVNadj8tBx
— The Washington Post (@washingtonpost) March 30, 2021
Phillipe Christodoulou has lost almost all his money. The investor downloaded a Trezor app from the App Store last month to check his BTC balance. But Trezor doesn’t have an app on iOS at all.
The app appears to be from Trezor and was rated five stars on the App Store. However, after the investor entered his seed phrase (password), 17.1 BTC was immediately stolen from his wallet.
Christodoulou blames Apple, as the company picture itself as “the world’s most trusted apps marketplace” and collects 15-30% for the control and cu ration of apps that appear on the App Store.
Christodoulou, has filed a report with the Federal Bureau of Investigation (FBI). He says he is destroyed and he is going to a psychiatrist and taking medication, but he still hasn’t heard from Apple.
The reactions from the crypto community varies. Many people show understanding and pity for Christodoulou, but there are also those who say it is his fault. According to them, the investor should have done proper research before downloading Trezor fake app.
This form of scam is increasingly common. According to Coinfirm, $1.6 million has already been stolen via fake Trezor apps on iOS, and many more types of fake wallet apps exist in the market.
Trezor warned a few days ago about such an app on the Google Play Store:
Warning for all Android users!
There is a scam app on Google Play Store impersonating Trezor.
We've already reported it and ask you not to install it on your device!Stay safe and never share your seed with anyone until your Trezor device asks you to. pic.twitter.com/g0ofekDnzs
— Trezor (@Trezor) March 29, 2021
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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