Philip Christodoulou downloaded to his iPhone an app from the App Store called Trezor, where he invested all the investment cryptocurrency Bitcoin. Later, the user discovered that his cryptocurrency was missing from the account.
It turned out that the app was created by scammers and somehow managed to pass verification in the App Store. Trezor is a manufacturer of physical bitcoin wallets, so users thought it was an official app and eagerly downloaded it.
This isn’t the first time: the company keeps repeating that they don’t have an official app on either the App Store or Google Play. Trezor monitors these services and seeks to remove fraudulent applications that damage the company’s reputation.
The same app appeared last year on Android smartphones, then the company passed this information to Google and they removed it.
Apple still claims that their app store is safer than on Android smartphones, where there are indeed more fraudulent apps due to the more “free” rules and the lower cost of the developer console.