Wednesday, April 21, 2021
Home Crypto News Market 17.1 BTC Almost $974,700 Stolen From Fake Trezor App On Apple App...

17.1 BTC Almost $974,700 Stolen From Fake Trezor App On Apple App Store

- Advertisement -

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.

 

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:

student coin ico

- Advertisement -
Ammara
Ammarahttps://thecryptobasic.com/
I am the editor-in-chief of The Crypto Basic. Love to get involved in cryptocurrencies. I am in crypto since 2014. I like the way blockchain is progression, being adopted by large firms and in most parts of our lives. We are early adopters and followers of blockchain, and time will surely come when our success factor will be blockchain.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Chiliz CEO Alexandre Dreyfus Announced Working On Chiliz Chain V.2

Chiliz CEO Alexandre Dreyfus has announced that they are working on the next version of Chiliz Chain. With the new version, users will be...

Binance list FC Barcelona Fan token

Cryptocurrency exchange Binance has announced that it will list the FC Barcelona Fan Token (BAR). The BAR will initially be listed in the exchange...

Cryptocurrency Fund Launches To Combat Volatility In Bitcoin

Backed by venture capitalist Mark Carnegie of MH Carnegie & Co., in partnership with leading global blockchain expert Sergei Sergienko. Marks the entry...

Gaming Giant Ubisoft Has Become A Validator In Tezos Network

The French gaming giant Ubisoft, known for Assassin's Creed and Far Cry, has joined the ecosystem of the Tezos blockchain platform as a corporate...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly