Apple faces lawsuit over alleged $1.8M Bitcoin wallet app losses
Summary
Three customers sued Apple in California, claiming they lost a combined $1.8 million after downloading a fake Bitcoin wallet app from the App Store. The complaint says Apple failed to properly review and monitor apps while marketing the App Store as a trusted marketplace. The plaintiffs say they entered their seed phrases into the fraudulent app, which let scammers transfer their Bitcoin, with reported losses of about $875,000, $840,000, and $120,000 in 2025. The fake app impersonated Sparrow Wallet, which has no official iOS app. Apple said it has removed apps impersonating Sparrow Wallet and terminated related developer accounts, and said it acts on reported violations of App Store rules.
