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An apparently malicious app posing as a Trezor cryptocurrency hardware wallet has been removed from the Apple App Store, although a quick search revealed that other copycat apps are still lurking.
On June 20, Crypto Lawyers Managing Partner Raphael Jacobi issued a security warning regarding the Apple App Store. Jacobi reported that the first result of a search for “Trezor” was a malicious application designed to steal cryptocurrencies.
He warned Apple users that the fake “Trezor Wallet Suite” app would “request your seed phrase, allowing its operators to steal all of your cryptocurrency.” Jacobi added:
“This application has been running for several weeks now, although the total number of victims is not known, it could easily be in the hundreds or thousands.”
The first search result for “Trezor” in the Apple @appstore is a malicious application that will request your seed phrase, allowing its operators to steal all of your crypto.
The name of the malicious application is “Trezor Wallet Suite.” You can verify… pic.twitter.com/vWsXTHpkYK
— Rafael Yakobi (@Deliver8tor) June 19, 2023
Cointelegraph searched the US version of the App Store and was unable to find the malicious app Jacobi is referring to. Apple is generally quick to remove suspicious or fraudulent apps from its app store after receiving a warning.
However, a search for “Trezor Wallet Suite” turned up another potentially dangerous app called “MyTREZŌR Suite: One Edition”. It only had two reviews – both of which were warnings that the app was a scam to steal cryptocurrencies – so it looks like Apple hasn’t completely cleaned the house yet.
Apple insists that apps in the official App Store be reviewed and approved for security purposes.
It is safest to download mobile applications for cryptocurrency wallets from the official website of the manufacturer. While an app is available for Trezor users on iOS, it is simply a companion app with limited functionality.
Related: Apple Ban on External Payments Found Illegal in Likely NFT and Cryptocurrency Win
According to Apple news outlet 9to5mac.com, the world’s largest tech company isn’t too friendly when it comes to crypto apps, which must only be approved under strict circumstances. The publication noted:
“While Apple says the App Store is ‘a place you can trust’ and cracks down on unpublished app downloads, the reality is that even Apple can’t protect the App Store from fraud.”
Fake wallets in the Apple App Store are nothing new. In 2021, one user reportedly lost $600,000 in bitcoin (BTC) after downloading the malicious Trezor app from the App Store.