Just recently, an individual lost all of his life savings in a matter of no time after he downloaded a malicious and phony Trezor application onto his iOS smartphone from Appleâ€™s App Store. Phillipe Christodoulou lost 17.1 bitcoin or over a million dollars worth of the cryptocurrency using todayâ€™s exchange rates. Christodoulou detailed that heâ€™s more upset with Apple than the hackers who stole his precious digital assets.
Individual Loses His Life Savings- 17 Bitcoin Gone
Malicious and phony applications for smartphones can be a problem for crypto users and not too long ago, Phillipe Christodoulou, lost over 17 BTC. At the time of the theft his stash was worth over $600k, and today it would be well over a million dollars. On that particular occasion, Christodoulou wanted to check his balance, so he headed over to Appleâ€™s App Store and downloaded the fake Trezor application for iOS. However, Trezor doesnâ€™t offer such an application and in fact, the company had been warning about the problem for some time now.
On December 2, 2020, the hardware wallet manufacturer tweeted about a similar scam application on Googleâ€™s Play Store. â€œA warning to all the Android users owning Trezor devices,â€ the company warned at the time. â€œThis app is a scam and has no relation to SatoshiLabs and Trezor. Weâ€™ve already reported it to the Google team. Always confirm any action on your device and never type seed words until your Trezor asks you to.â€
Coalition for App Fairness Executive Says â€˜Apple Pushes Myths About User Privacy and Securityâ€™
The application Christodoulou downloaded was not only a phony decoy, but the malicious hackers also stole his funds. Christodoulou says heâ€™s more heated at Apple and he was once a loyal Apple customer. â€œThey betrayed the trust that I had in them,â€ Christodoulou detailed to the press. â€œApple doesnâ€™t deserve to get away with this.â€ Apple is supposed to do due diligence and applications downloaded from the App Store are touted as safe.
â€œStudy after study has shown that the App Store is the most secure app marketplace in the world,â€ Apple spokesperson Fred Sainz stressed. However, according to a report from the Washington Post, Meghan DiMuzio, executive director of the Coalition for App Fairness disagrees.
â€œApple frequently pushes myths about user privacy and security as a shield against its anti-competitive App Store practices,â€ DiMuzio explained. â€œThe truth is, Appleâ€™s security â€˜standardsâ€™ are inconsistently applied across apps and only enforced when it benefits Apple.â€
What do you think about the guy who lost 17 bitcoin from the scam application? Let us know what you think about this subject in the comments section below.
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