Apple’s under fire in a new lawsuit after a fake Bitcoin wallet app slipped through its App Store defenses, swindling users out of millions—$875K and $840K in losses alone. Plaintiffs argue Apple misled users by branding the store as a secure, vetted space, even featuring the scam app in curated crypto collections. Despite a similar 2021 case being dismissed (Apple deemed just a platform), this time plaintiffs claim Apple’s marketing and inaction—despite warnings from the real app developer in January 2024—created a false sense of security. Apple counters it’s removed the fraudsters and blocked billions in fake transactions, but victims demand greater transparency and warnings that App Store approval ≠ authenticity.
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