Apple sued for keeping fake Bitcoin wallet app after $875K theft was reported

·1 views

A lawsuit has been filed against Apple alleging the tech giant failed to remove a fraudulent Bitcoin wallet app from its App Store. The suit claims that Apple was alerted to the fake app after one user reported losing approximately $875,000 to it. Despite this warning, Apple allegedly allowed the app to remain available for download. A second user subsequently fell victim to the same app, losing around $840,000. The lawsuit suggests Apple's inaction directly enabled the second theft to occur.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Core Scientific signs AMD AI deal amid bitcoin mining wind-down

Core Scientific has secured a new agreement with AMD focused on artificial intelligence data centers, marking a significant strategic shift for the company. The deal accelerates the firm's transition away from bitcoin mining toward AI infrastructure. This pivot follows the recent termination of Core Scientific's ASIC agreement with Block. The company appears to be repositioning itself to capitalize on growing demand for AI computing capacity.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Binance Policy Change Hampers Law Enforcement Access to User Data

A new report by The New York Times reveals that Binance has quietly altered its compliance rules, making it harder for authorities to investigate crypto-related crimes. The change means international law enforcement agencies can no longer obtain user data through direct requests and must instead rely on slow and bureaucratic government treaty processes. The shift is seen as a significant obstacle for investigators tracking illicit activity on the platform. The report raises fresh concerns about transparency and cooperation from one of the world's largest cryptocurrency exchanges.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin’s recent stability hasn't been enough to spark a broader altcoin rally

Your day-ahead look for July 28, 2026

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin falls 2% amid South Korea market crash and US crypto bill stall

Bitcoin declined approximately 2% as multiple negative catalysts weighed on the market. South Korea's Kospi index plunged 11%, triggering broader risk-off sentiment across global assets. In the United States, the Senate shelved the Clarity Act, a key piece of crypto regulation legislation, adding further uncertainty to the digital asset space. Investors now await a pivotal Federal Reserve interest rate decision expected on Wednesday, which could further influence market direction.

0 comments Read more at CoinDesk