SECURITY

"Apple Store features 'Five-Star Trezor App'! Users lose millions in Bitcoin"

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"Apple Store features

An app claiming to be from the popular hardware wallet "Trezor" has appeared on the App Store. However, Trezor official has not released any app for its products, leading investors to lose 17.1 bitcoins and pointing fingers at Apple for having serious review loopholes.

Fake Bitcoin Wallet

According to the Washington Post, cryptocurrency investor Phillipe Christodoulou wanted to check his Bitcoin balance last month and downloaded an app called Trezor from the App Store.

This app appeared to be issued by Trezor, matching its appearance, color scheme, and logo. It also had a high rating of nearly five stars. However, after entering his information into the app, Phillipe Christodoulou instantly lost 17.1 Bitcoins.

Compared to malicious scam groups, Christodoulou was more dissatisfied with Apple's review policies:

Apple markets itself with safety as the slogan, claiming that they review every app before it goes live, which betrays the trust everyone has in them. Apple should be held accountable for this.

Apple: An Isolated Incident

Experts point out that it is relatively easy to fake reviews in the App Store system, allowing scam groups to upload "seemingly" compliant apps and then transform them into phishing applications to steal user private keys and recovery phrases.

Apple spokesperson Fred Sainz stated:

User trust is the foundation of our App Store, and we are continuously enhancing the security of the App Store. This is an isolated incident, and we have taken swift action to prevent similar events from happening in the future.

Currently, there is no Trezor app on the App Store, indicating that Apple has removed it, but it was too late.

Trezor Warns of Security Risks

Trezor was not affected in this incident and did not mention the fake app on the App Store. Instead, they warned about malicious apps using the name Trezor on the Google Play Store.

Trezor emphasized that their wallet still does not support iOS devices. For users using Android, they must follow the user manual for operations and consider it the only solution.

Reportedly, Christodoulou had previously transferred one Bitcoin to the centralized lending platform BlockFi, inadvertently retaining his last remaining Bitcoin. The 17.1 Bitcoins stolen were valued at approximately $600,000 at the time of theft, and now it is close to $1 million.

Christodoulou mentioned that he is seeking help from a psychologist and taking medication but still cannot recover from this tragedy.