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Apple Faces Lawsuit Over Alleged Bitcoin Wallet Scam

Apple faces a lawsuit after customers alleged a fraudulent Bitcoin wallet app on the App Store caused $1.8 million in losses, according to a court filing.

Financial news writerUpdated: 0 ViewsSource CoinTelegraph

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Apple Faces Lawsuit Over Alleged Bitcoin Wallet Scam
Image Source: CoinTelegraph

Apple faces a lawsuit after customers alleged a fraudulent Bitcoin wallet app on the App Store caused $1.8 million in losses, according to a court filing.

Apple Faces Lawsuit Over Alleged Bitcoin Wallet Scam

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Written by

Helen Partz

staff writer

Reviewed by

Bryan O'Shea

staff editor

Written by

Helen Partz

staff writer

Reviewed by

Bryan O'Shea

staff editor

Apple faces lawsuit over alleged $1.8M Bitcoin wallet app losses

Latest News

Published

Jul 28, 2026

Three users allege a fake Sparrow Wallet app on Apple’s App Store drained their Bitcoin holdings, with losses totaling more than $1.8 million.

Apple is facing a lawsuit from three customers who say they lost a combined $1.8 million after downloading a fake Bitcoin wallet app from the App Store.

The complaint, filed Friday in the US District Court for the Northern District of California, alleges Apple failed to adequately review and monitor apps despite promoting the App Store as a trusted marketplace,

according

to a copy of the filing obtained by MacRumors.

The plaintiffs, James Ramirez, Christopher Ellis and Jalen Delgado, said they entered their seed phrases into the fraudulent app, allowing scammers to transfer their Bitcoin. They reported losses of about $875,000, $840,000 and $120,000, respectively, during 2025, according to the complaint.

Sparrow Wallet is available on Windows, macOS and Linux. Its developer, Craig Raw, has previously

criticized

Apple over fake versions of the app appearing in the App Store. The wallet has no official iOS app.

Apple

told

MacRumors that it has removed apps impersonating Sparrow Wallet and terminated developer accounts linked to those apps. The company said developers and users can report apps that violate its guidelines, adding that it takes action against apps that do not comply with App Store rules.

Related:

Binance disappears from Google Play in certain EU countries

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Apple

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App Store

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Disclaimer

Original YayaNews editorial coverage, published for informational purposes.

This article is sourced from CoinTelegraph. It is for informational purposes only and does not constitute investment advice.

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