Sparrow Wallet

Sparrow Wallet proof of concept shown running on a $40 handheld gaming device
Sparrow Wallet rolls out v2.5.4 security update with broader independent verification
Apple
2026-07-30 02:04:07

Apple Faces Lawsuit After Fake Crypto Wallets on App Store Allegedly Led to $1.8 Million in Losses

Apple’s App Store is facing renewed scrutiny after a lawsuit filed in California on July 24 alleged that three Bitcoin holders lost about $1.8 million after downloading fake Sparrow wallet apps. The complaint argues that Apple failed not only by allowing the apps onto the store, but by leaving them available after repeated warnings from both users and Sparrow founder Craig Raw, who had been reporting unauthorized mobile impersonations since early 2024 even though Sparrow has no official iPhone app. The filing also claims Apple boosted one of the fake apps through store recommendations and placement in a cryptocurrency app collection. The case lands against a broader backdrop. A Kaspersky Threat report released in April said researchers had identified 26 scam apps impersonating major crypto brands such as MetaMask, Ledger, Trust Wallet, Coinbase, TokenPocket, imToken and Bitpie. According to the report, the campaign had been active since at least autumn 2025 and may be linked to the attackers behind SparkKitty. The report described schemes that pushed users to phishing pages mimicking Apple’s App Store and tricked them into installing developer profiles, which then enabled trojanized wallet software outside normal App Store channels. Apple said it has removed the fake Sparrow apps and terminated the related developer accounts, while pointing to broader anti-fraud enforcement data it released last year.

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Apple Faces Lawsuit After Fake Crypto Wallets on App Store Allegedly Led to $1.8 Million in Losses
Apple sued over fake Sparrow Wallet app that allegedly drained $1.8 million in Bitcoin
Apple sued over alleged crypto wallet scam apps on the App Store
Three iOS users sue Apple in California over fake Sparrow Wallet app and $1.8 million in BTC losses
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