The story started last month, as Philip Christodoulou wanted his Bitcoin balance to be examined. In an effort to find a companion application, he decided to look for “Trezor,” the company that makes the hardware wallet in which he stored his cryptograph.
Christodoulou found Trezor’s logo and green background, which he downloaded and entered its details. The application featured a clock logo. There were unfortunately no Trezor wallet applications; it was a fake snuck in the shop that did not relate to the company itself.
The Washington Post reports that Christodoulou’s Bitcoin 17,1 pilfered with the app, valuing 600,000 dollars (nearly 1 million dollars today). He accuses Apple that the app can be placed in its store. “They have betrayed the confidence I have in them,” he said. “Apple’s not worth getting away with that.”
He said the app has a five-star rating, which adds legitimacy. Christodoulou added Nothing Apple said about him being reimbursed.
Before it is approved, Apple reviews all applications submitted. In the case of this fake, the company logo and colors were presented with the name of Trezor, but the application “cryptography” was provided for the encryption of iPhone files and password storage. Apple was “no crypto-currency,” which the developers reassured, which allowed for Apple to appear on the App Store on 22 January. After the app was available in the store, it changed to a crisis wallet.
According to Coinfirm, five individuals have lost $1.6 million in total to the iOS app, while counterfeit Trezor applications on Android estimate people have lost $600,000.
Apple said that on February 3 it deleted the app and prohibited the developer from reported to the real Trezor. Two days later there was another fake app with the same name. It was prohibited, too.
The data from the Sensor Tower suggests that around 1,000 times the scam application is downloaded. Another iPhone user who lost Ethereum and Bitcoin worth $14,000 claims the Apple representative told him they were not responsible to losses caused by the fake Trezor app.