Apple has taken down a fraudulent Trezor wallet app from its App Store, but concerns remain as other copycat apps continue to linger.
The removal came after Rafael Yakobi, Managing Partner at Crypto Lawyers, alerted users to the presence of a malicious app disguised as the popular crypto hardware wallet, Trezor. Yakobi warned that the app, named “Trezor Wallet Suite,” was designed to steal cryptocurrency by requesting users’ seed phrases.
Although the total number of victims remains unknown, Yakobi suggested it could be in the hundreds or thousands.
Upon searching the US version of the App Store, Cointelegraph failed to find the referenced malicious app. Apple typically acts swiftly to remove suspicious or fraudulent apps once they are notified.
However, a search for “Trezor Wallet Suite” did yield another potentially suspicious application called “MyTREZŌR Suite: One Edition.”
With only two reviews, both warning of the app’s scam nature and its intention to steal crypto, it appears that Apple has not yet fully addressed the issue.
Apple maintains that apps on its official App Store undergo thorough vetting and security clearance. To ensure the safety of downloading mobile applications for crypto wallets, users are advised to obtain them exclusively from the manufacturers’ official websites.
Although an iOS app is available for Trezor users, it serves as a companion app with limited functionality.
According to reports from Apple news outlet 9to5mac.com, the tech giant is generally stringent in its approval of crypto-related apps, allowing them only under strict circumstances.
However, despite Apple’s claims that the App Store is a trustworthy platform, the outlet highlights the challenges the company faces in completely eradicating scams from the store.
Instances of fake wallet apps on Apple’s App Store are not new. In 2021, a user allegedly lost $600,000 worth of Bitcoin after downloading a malicious Trezor app from the store.
To mitigate such risks, it is crucial for users to exercise caution and opt for trusted sources when downloading crypto-related applications.
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