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Topic: A fake app in apple app store stole his life savings in bitcoin - page 2. (Read 471 times)

sr. member
Activity: 2338
Merit: 365
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is not the supervision of the application at apple, very strict?
scammers are really unsettling and this time they were able to get into the list of apps in the apple store, what a surprise. Apple seems must be able to provide an answer to their negligence.
full member
Activity: 896
Merit: 104
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Stories of people losing your coins by downloading fake apps is becoming rampant and this shows that quite a lot of people are being affected by this. This is a proof that these scammers will stop at nothing to show that they can actually rip one off his hard earned money.
I think Google playstore and Apple app store should look into this. How did these fake apps get into the store in the first place? One should have some level of assurance by downloading apps from the store and not just from the web.
I should feel secured downloading from the store and not afraid that I might be scammed by downloading a fake app
legendary
Activity: 3234
Merit: 5637
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Summary:  fake apps in google & apple app stores are stealing cryptocurrency.

This case is interesting in that I have not seen it receive much attention in terms of what approved safe methods of handling crypto are. Common rule of thumb is having sole access to private key. Not using browser wallets. But there is almost nothing said about avoiding 3rd party apps or browser plug ins which are sometimes known to be utilized to steal crypto.

Is this something new that we should be surprised about here on the forum? Well, anyone who thinks with their head knows that every app store (on any platform) is a source of malicious applications that are accepted as legitimate, but later their owners make modifications that make them malicious. Furthermore, we could say that those who look for trouble will find it in one way or another.

Situations like this only prove that the weakest link in the safety chain is a man who, thanks to his ignorance, does things which are completely irrational. Even if someone downloads an app that is fake, how stupid is it to believe that your seed needs to be put into it? It is a basic ignorance that is widespread in the crypto community and for which any malicious person can profit today.



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But Christodoulou is angrier at Apple than at the thieves themselves: He says Apple marketed the App Store as a safe and trusted place, where each app is reviewed before it is allowed in the store.

It confirms everything I have already written above, because how to call a man who has 17 BTC and does not know how important it is not to share the seed with anyone. Part of the blame is certainly on Apple and Google in situations like this, but the biggest is on users who haven’t learned even the most basic thing to protect themselves.
member
Activity: 297
Merit: 40
This is sad and this story is happening because there are already a lot of users who already experienced the same things as they have lost their bitcoin from a fake crypto wallet. Not only for downloading and installing fake application a wallet can be hacked and lost your money, but there are also a lot of ways that hackers can do about it, as long as you are connected to the internet, there is still a huge possibility that you may get hacked or even scammed especially those who don't have good enough knowledge about scamming and hacking.

Google and Apple should take an action for this thing, I don't even know how the dake application enters a google play store.
legendary
Activity: 2954
Merit: 1153
However, Apple also needs to in charge of the issue. They always claim that their app store is the most secure web store in the world but apparently, there many people losing their money from those "Verified" apps

Apple should take responsibility for this since they marked the app safe to use.  The user wouldn't use the app if it was never on the app store.  I would love to hear apple side on this but sadly it seems they are not saying anything regarding the issue.  Looks like they are playing safe on this one.
hero member
Activity: 3164
Merit: 937
This is nothing new.Malicious and fake smartphone apps have been a problem for years,and Google and Apple aren't going much in order to stop the scammers.It costs a $25 one-time fee to open a Google Play developer account and submit apps on the Google Play store.I don't know how the newly submitted apps are being reviewed,but there's not enough control for sure.
Newbies should be aware about all the smartphone app scams.They must use only proven and verified apps,that belong to trusted companies inside the crypto industry.
sr. member
Activity: 750
Merit: 258
I heard the story yesterday. What a poor guy. $600,000 is a big amount of money. Furthermore, 17 bitcoin right now worth way more than $60000

Getting rid of centralization is hard because you need to be responsible for your own money and your finance in the world where are too many scammers desperate for money. Raising our awareness and education is the best way to avoid these cases. However, Apple also needs to in charge of the issue. They always claim that their app store is the most secure web store in the world but apparently, there many people losing their money from those "Verified" apps
hero member
Activity: 2114
Merit: 603
Fooling user is getting very easy these days because cloning and app is so easy that one can clone the app with app cloner. I mean come on, if they were able to make app cloner then surely App Store can be infected with full of such forged clones. It’s really bad for the industry.

I assume one should not download the apps from App Store but from the Service Providers official website itself. That’s the best way to be safe.
sr. member
Activity: 1120
Merit: 272
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This is very sad. Truth is, it can happen to anyone. Sometimes we may be confident that we know it, yet, there's still that chance of being scammed directly or indirectly. I just hope less - no one fall for these scammers.

Sometimes it is not the company's fault when people are getting fooled by fake apps because it is the owner's responsibility to keep their device safe.

Scammers are good at making fake apps and fake schemes in order to lure their victim and there's something more for us to lose when we are not aware about this.

Apple is a famous company and yet it is prone to fake apps, device's security also depends on how the owner will manage to secure his gadget and especially digital wallets.
member
Activity: 518
Merit: 13
This man blames Apple for this incident but I don't think that Apple has the full responsibility here. You have $600k worth Bitcoin and you are not being careful about where you keep them. And this causes you to be under a big threat of getting swindled.
member
Activity: 1120
Merit: 68
Thats was a very unfortunate incident imagine that was his life savings and then in seconds it disappears. IMO, it was partly an Appstore fault because it was considered negligence on their side and why they let that fake app listed in their Appstore in the first place, this incident was also happening on Google Playstore thats why for precautionary measures check any app thoroughly for both Appstore and Playstore before using it just to make sure it was safe.
It is more than unfortunate because it is a life savings and I don't think that I would be able to live with the fact that my life saving is going to get stolen from me, I mean that amount of money that you saved for a long time is frustrating and devastating. The problem with checking apps on the Appstore is that it is difficult because the quality check before publishing it in the appstore is the first line of defense and if that were to be defeated then users will have a hard time.
legendary
Activity: 2170
Merit: 1789
IMO, it was partly an Appstore fault because it was considered negligence on their side and why they let that fake app listed in their Appstore in the first place, this incident was also happening on Google Playstore thats why for precautionary measures check any app thoroughly for both Appstore and Playstore before using it just to make sure it was safe.
According to some articles that I've read, the app was changed after it got approved by Apple. It was a tech app before (not a wallet) and then the attacker changed it when the app is no longer under scrutiny. Apple store should improve their security of course, but any crypto users should never trust these kinds of platforms in the first place. Should've checked on the official Trezor website before checking the app store.

Well, hopefully, everyone learns from this and stops losing their money due to bad security practices.
sr. member
Activity: 1610
Merit: 264
It's sad that even one of the people from Trezor itself can't even get their voice heard.
App stores these days are more like reactive rather than proactive, wherein they would just respond to people that reported the app instead of dealing with it before the incident happened.

This is why mostly I don't use mobile apps a lot. Aside that I could be connected in an unsafe network outside my home, there are many hounds attempting to make me install malicious apps.
Even sometimes I even get paranoid in installing MEW's official mobile app. Cheesy
full member
Activity: 1820
Merit: 107
Thats was a very unfortunate incident imagine that was his life savings and then in seconds it disappears. IMO, it was partly an Appstore fault because it was considered negligence on their side and why they let that fake app listed in their Appstore in the first place, this incident was also happening on Google Playstore thats why for precautionary measures check any app thoroughly for both Appstore and Playstore before using it just to make sure it was safe.
full member
Activity: 2520
Merit: 214
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This is very sad. Truth is, it can happen to anyone. Sometimes we may be confident that we know it, yet, there's still that chance of being scammed directly or indirectly. I just hope less - no one fall for these scammers.
The saddest part is ? this is APPLE App in which the Highest and strongest security gadget provider in the world . In which majority of user believes they are very safe.

Though this is also a Users diligence yet because of the trust they gave in Apple security they tend to believe everything that pops in their Apple Store.

Try to make your Internet and Gadget using more safer , And do more secure features that we use to have now.
legendary
Activity: 1848
Merit: 1982
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Of course, the basic rule in Crypto says: You do not have your own keys = You do not own your coins, or in other words your private keys = your coins, the presence of a third party makes your coins under great danger, but often you are forced to deal with the services of the party Third, even in hardware wallets, you need to go to the wallet site to send your coins, for example I own a Trezor wallet, but I cannot send my coins from the wallet. I need to access the wallet via a web browser and this is a security vulnerability that can be exploited by attackers.
legendary
Activity: 1372
Merit: 2017
While I feel sorry for that person, and understand that by sheer statistics, there are people who end up getting scammed in the end, I have a hard time understanding how someone with $600,000 doesn't take more precautions. On top of that it was almost all of their life savings. I wouldn't have them just in one place. And even less would I transfer them all to my cell phone.
mk4
legendary
Activity: 2870
Merit: 3873
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Quick note: While it's far less likely for shady apps to enter the Apple App Store compared to the Google Play Store, it's still not impossible. Funnily(and sadly) enough in this case, Trezor doesn't even support iOS devices currently..
member
Activity: 868
Merit: 63
This is very sad. Truth is, it can happen to anyone. Sometimes we may be confident that we know it, yet, there's still that chance of being scammed directly or indirectly. I just hope less - no one fall for these scammers.
I agree that it can happen to anyone but the problem is that Apple boasts a security when it comes to allowing apps in there Appstore. I wouldn't really say that it is confidence because when you are confident, you are still careful falling for this is more like cockiness.
legendary
Activity: 3038
Merit: 4418
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I think it's more on Google Apps store than Apple as the later has a very tough security although hackers can still hide their intent but Apple is very active in removing this apps the soonest.
I wouldn't install anything sensitive without verifying its authenticity first. Apple doesn't allow sideloading apps and thus you can't validate the binaries before installing it. For Android, at least you can validate the signature before pushing the apk to your phone.

The problem with those apps is that they don't usually contain any malware or exploit but steals the key in a very obscure way such that it is hard to detect without any reports.
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