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.
YayaNews contributes financial news and market context through the YayaNews editorial workflow.

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
DOGE
$0.07012
3.35%
TRX
$0.3253
1.85%
LINK
$8.31
5.53%
ZEC
$468.26
6.00%
ADA
$0.1568
4.97%
XRP
$1.05
4.69%
ETH
$1,882.05
4.30%
BTC
$63,465.59
2.70%
XMR
$340.55
2.69%
BNB
$565.27
1.68%
XLM
$0.1718
5.25%
SOL
$73.17
4.20%
HYPE
$55.23
8.12%
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
Subscribe to daily byte-sized crypto news from Cointelegraph
Subscribe
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s
Editorial Policy
and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Apple
Law
Court
Wallet
App Store
Scams & Cybercrime
More on the subject
Brazilian police bust cocaine traffickers in crypto-linked transnational probe
22 hours ago
Adrian Zmudzinski
News Brief
Robinhood CEO’s X account hacked in apparent memecoin scam
Jul 23, 2026
Sam Bourgi
News Brief
Fears of AI-driven DeFi hack epidemic overstated for now — but not for long
Jul 23, 2026
Christina Comben
Brazilian police bust cocaine traffickers in crypto-linked transnational probe
22 hours ago
Adrian Zmudzinski
News Brief
Robinhood CEO’s X account hacked in apparent memecoin scam
Jul 23, 2026
Sam Bourgi
News Brief
Fears of AI-driven DeFi hack epidemic overstated for now — but not for long
Jul 23, 2026
Christina Comben
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.
Topics & Symbols
Continue Reading
Related Reading
Upbit Lists PROM with KRW and USDT Trading Pairs, Opening New Opportunities for Mid-Cap Tokens
Upbit announced the addition of PROM KRW and USDT trading pairs, with a market cap of approximately $43.5 million. This article analyzes the significance, project background, and market impact for investors.

SEC Prepares Major Crypto Plan as Clarity Act Stalls: What It Means for Markets
As the Clarity Act remains gridlocked, the SEC is reportedly preparing a significant crypto regulatory plan. This article analyzes potential new rules covering DeFi, stablecoins, and exchanges, market reactions, and the global competitive pressures shaping U.S. oversight.

Binance Launches DOSUSDT Perpetual Contract: Market Impact and Investment Strategy Analysis
Binance announced the listing of the USDⓈ-M DOSUSDT perpetual contract on August 11, 2026. This article analyzes the announcement background, market reactions, and investment risks to help investors seize opportunities.

Ireland Plans Industry Standards for Illicit Crypto Use
The strategy prepared by the Irish government’s finance department included industry standards on crypto used for gambling and strengthening AML/CFT measures in certain cases.
