Apple sued over fake App Store crypto wallet app stealing $1.8M in Bitcoin

Apple sued after users lose $1.8M to fraudulent crypto wallet app on iOS

Three users lost $1.8M to a fake "Sparrow Wallet" on the App Store; the real wallet lacks iOS, exposing months of undetected fraud. Apple faces a lawsuit for false App Store safety claims, exposing gaps in curation against crypto scams—a critical risk for self-custody platforms.