Apple Sued for Keeping Fake Bitcoin Wallet on App Store
Apple is facing a lawsuit for allegedly keeping a fake Bitcoin wallet app on its App Store for over a week after a customer reported losing $875,000. The lawsuit claims three plaintiffs collectively lost $1.84 million after downloading an app impersonating Sparrow Wallet and entering their Bitcoin seed phrases. The plaintiffs argue Apple's marketing led them to believe apps were carefully vetted and safe. The legal action accuses Apple of violating consumer-protection laws, fraudulent and negligent misrepresentation, and failure to warn consumers. Apple has faced similar lawsuits before, including a 2021 case that was dismissed. The plaintiffs seek reimbursement, compensatory and punitive damages. Apple says it has removed the impersonating apps and terminated associated developer accounts.
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