Fake Bitcoin app reached top of iOS App Store (Update: Removed by Apple)

[Ink]

Content source

https://9to5mac.com/2023/06/20/fake-trezor-wallet-bitcoin-app-store/

One of Apple’s key arguments in favor of making the App Store the only way to download apps on iOS is the app review process, which ensures that users are not exposed to scams. Even so, some of these apps bypass the App Store guidelines without being noticed. That’s the case with a fake Trezor Wallet app, which leads users to believe that it’s an official app for managing Bitcoin and other cryptocurrencies.

For those unfamiliar, Trezor is indeed a legitimate crypto wallet. But as noted by some iPhone users, a fake app called “Trezor Wallet Suite” was released on the App Store a few weeks ago. Despite using the name Trezor Wallet, it has nothing to do with Trezor.

Rafael Yakob of The Crypto Lawyers reported that the app had been showing up at the top of App Store search results in the US and UK, which is extremely worrying.

“This app has been up for weeks, although the total number of victims is unknown, it could easily be in the hundreds or thousands,” said Yakob. The fake app asks users for a lot of personal data that can be used for malicious purposes. Apple has already removed the app from the App Store.