Apple Pulls Fake Crypto Wallet App From App Store After Over 50 Users Lose $9.5 Million In Seed Phrase Fraud Scheme
A fake Ledger wallet app on the App Store tricked users into entering seed phrases, leading to losses of about $9.5 million across more than 50 victims before it was removed. The scam was exposed by ZachXBT, while Apple said it had taken down the app and the developer after confirming it used bait-and-switch tactics to impersonate the real wallet service.
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