- Apple is often swift to remove it from its app store.
- Using such an app can directly lead to the loss of funds and account breaches.
Although Apple removed a potentially harmful software that pretended to be the cryptocurrency hardware wallet Trezor, a simple search showed that numerous imitation applications were still available. Using such an app can directly lead to the loss of funds and account breaches by exploiters.
Rafael Yakobi, managing partner of Crypto Lawyers, issued a warning about the safety of the Apple App Store on June 20. According to Yakobi, a search for “Trezor” returns a malicious program designed to steal crypto as the top result. When notified of malicious or fraudulent software, Apple is often swift to remove it from its app store.
Although the one mentioned by Yakobi seems to be removed. It seems that Apple has not yet completely cleaned the store. There are similar potential apps when searching for Trezor. Apple claims that all of the applications in the official App Store have passed stringent safety checks.
Stringent Approach
Coincident with Apple’s continuing fight against cryptocurrency platforms on the App Store comes the arrival of a new phishing attempt. Apple has allowed crypto applications, with certain restrictions, on the App Store.
The Silicon Valley behemoth threatened to pull the social networking program Damus from the App Store last week because it allows users to make small, instantaneous payments to one another in the form of “Zaps” using Bitcoin.
To maintain the iOS app in the App Store, Apple insisted that the tipping function be eliminated on the grounds that it is analogous to the selling of digital material. Damus is based on the Nostr protocol, which facilitates micropayments over the Lightning network almost free of charge and instantaneous.
