Apple cracks down on fake Bitcoin wallets on the App Store

Apple cracks down on fake Bitcoin wallets on the App Store
Developers of Bitcoin mobile wallet app Breadwallet recently took to Reddit to warn users that a fake app carrying the Breadwallet name and logo had made it through Apple's review process and onto the App Store. Although the developers have since taken action, and the fraudulent app has been removed by Apple, a few users “who inadvertently downloaded the fake app have reported having funds stolen” from them, the post claims.

Breadwallet also identified numerous other suspicious Bitcoin wallet apps, which have popped up on the App Store recently and which are designed to look like already established virtual currency wallets in order to scam unsuspecting users. It is currently unknown how many users might have been affected by fake virtual currency wallets.

"We talked with one customer who claims to have lost about $10,000, and if we go and look at the coin address where those coins were deposited, last I checked there was $20,000 listed at that address," said Breadwallet co-founder Aaron Voisine in an interview for Motherboard. "So, that's our current estimate for how much customers have lost."

Apple has since removed all fraudulent apps listed by Breadwallet, but the fact that they slipped through the company's review procedure and landed on the App Store in the first place is disconcerting to Bitcoin users and detrimental to the image of wallet app developers.

You can find the names of all the removed offending apps listed below. All have been removed from the App Store and their names are included purely for reference.

  • GreenAddress - Bitcoin Wallet 
  • Simple Bitcoin Wallet 
  • Simple Bitcoin Wallet ™ 
  • GreenBits Bitcoin Wallet 
  • Bitcoin Wallet 
  • Bitcoin Armory Wallet - bitcoin offline wallet 
  • Blockchain - Offline Bitcoin Wallet 
  • BitcoinCore - Bitcoin Wallet 

"I think it would be good for Apple to go through some extra process to make sure they have the identity of the person posting any app in the finance section," Voisine said.

Fraudsters are apparently primarily targeting apps that publish their source code openly, as it is easy to steal entire portions of the code and design fake apps that look very similar to the originals.

sources: Reddit, Motherboard via MacRumors

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23 Comments

1. Mxyzptlk unregistered

Before people start attacking, as usual when it comes to Apple, don't forget the recent incident with Qualcomm and the fact that the Play Store hasn't always been safe.

2. Podrick

Posts: 1285; Member since: Aug 19, 2015

Hahahaha! Must be having a real pain on the backside.

7. meanestgenius

Posts: 22388; Member since: May 28, 2014

ROTFLMAO!! I can literally feel his pain through my tablet screen!

10. Mxyzptlk unregistered

Yeah, I don't think so.

14. meanestgenius

Posts: 22388; Member since: May 28, 2014

Yeah, I *know* so.

16. Mxyzptlk unregistered

That you're a tool? Of course.

18. meanestgenius

Posts: 22388; Member since: May 28, 2014

No. That you're a trolling buffoon.

20. Mxyzptlk unregistered

No, you're done. I'm all out of troll tokens and food.

22. meanestgenius

Posts: 22388; Member since: May 28, 2014

"I'm all out of troll tokens and food". Then how will you eat with no food and no tokens to trade for food, oh king of trolls?

11. Mxyzptlk unregistered

Not at all Podprick.

3. tech2

Posts: 3487; Member since: Oct 26, 2012

Yeah. That makes Apple users a lot more secure knowing that PlayStore has security issues as well. Can't argue with that.

4. submar

Posts: 713; Member since: Sep 19, 2014

I thought iOS was supposed to be secure. What will they use as an excuse this time?

5. aegislash

Posts: 1526; Member since: Jan 27, 2015

Mxy, you leave the same negative BS comments on BlackBerry articles and Samsung articles daily. You're in absolutely no position to be mentioning anyone attacking Apple, when you do basically the exact same thing to other OEMs, so hop off that high horse already.

13. Mxyzptlk unregistered

I'm no different than the android fans who continue to attack Apple fans on a daily basis.

8. meanestgenius

Posts: 22388; Member since: May 28, 2014

So, this is a preemptive strike? You're here talking about "before people start attacking" and making excuses for Apple, but you were just on an article yesterday regarding Android and the Quadrooter exploit attacking Android and saying users were making excuses for Android. What hypocrisy. Looks like Karma has decided to tune up her baby powder laden hands for you.

12. Mxyzptlk unregistered

You've been getting quite the feast the past few articles. Surely you aren't trying to pick another fight again?

15. meanestgenius

Posts: 22388; Member since: May 28, 2014

Stop deflecting. You're the only one getting full, and it's from your own trolling. And I'm not picking a fight, I'm telling the truth. You're the one fanning the flames here.

17. Mxyzptlk unregistered

Don't be ignorant, you know damn well you were picking a fight and now you're backtracking after you were called out.

19. meanestgenius

Posts: 22388; Member since: May 28, 2014

Stop playing the victim role, you coward. You trolled. I called you out on it. Stop deflecting and just acknowledge the truth.

21. Mxyzptlk unregistered

I'm not playing the victim role. Just stop picking fights and seeking my attention and we wouldn't have this problem.

23. meanestgenius

Posts: 22388; Member since: May 28, 2014

Cut the BS. You're always playing the victim role when you get called out for your incessant trolling.

9. BobbyDigital

Posts: 2125; Member since: May 29, 2014

Bwahahahahahahahahaha!! Mrs troll Android and BlackBerry all day every day asking people not to do the same to Apple? ROTFLMAO!! GTFOH!!

6. ProblemSolver15

Posts: 372; Member since: Jun 14, 2010

Bitcoin? People still use that sh*t? I thought folks were backing off of that?

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