Apple Inc AAPL users who have recently downloaded a Trezor app on their iPhones have been warned to double-check the authenticity of the Trezor app before entering any sensitive information.
What Happened: A malicious version of the wallet app has reportedly made it to the Apple App Store under the fake name “Trezor Wallet Suite."
Benzinga confirmed that the malicious Trezor app has now been removed from the App Store.
Rafael Yakobi, a partner at The Crypto Lawyers, on Monday, warned users that the fake version of the app can request seed phrases from users, which would give the app’s operators access to all of the victim’s crypto holdings.
Yakobi claims that the fake app has been available on the store for weeks, implying that there could potentially be hundreds of thousands of users affected.
However, the fraudulent app somehow made it past Apple's review processes. This has left users frustrated.
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Why It Matters: The timing of the phishing scheme coincides with Apple’s ongoing struggle with cryptocurrency platforms on the App Store. Apple has authorized cryptocurrency apps on the store but under strict rules.
Additionally, such apps cannot use cryptocurrencies to unlock content or functionality.
Last week, The Silicon Valley giant threatened to remove the social networking app Demus from the App Store after allowing users to tip each other in “Zaps” using Bitcoin BTC/USD -based microtransactions. Apple claimed that tipping users is similar to the sale of digital content and requested that the feature be removed to keep the iOS app available on the App Store.
Price Action: At the time of writing, Bitcoin was trading at $28,754.50, up 5.50 % in the last 24 hours, according to Benzinga Pro.
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