Apple Store’s Scam Bitcoin Wallet Apps & Controversy

By August 8, 2016Bitcoin Business

The Apple App Store (iOS) is a major mobile application distributor particularly known for its rigorous and sometimes impractical method of verifying apps released on its digital distribution platform. Breadwallet, one of the bitcoin industry’s most trusted wallet platforms, has consistently praised the security protocols and measures the Apple team provides to mobile app developers and distributors on its app store. More importantly, the Breadwallet team emphasized Apple’s “rigorous review” process, which takes much longer time than other mobile distribution platforms like Android’s Play Store but ensures a thorough and in-depth evaluation of the application. “Apple has always been a little draconian about the eco-system they built for the iPhone, and there are benefits to a system in which one entity is in control of everything. All apps must be digitally signed before they are distributed, which means virus-ridden versions can’t make the rounds, and every app goes through a rigorous review, which prevents malicious or fraudulent apps from appearing in the App Store,” the Breadwallet team explained on a recent blog post. However, users have begun to notice the emergence of not one but few scam bitcoin wallet applications on the Apple App Store over the past few days. On August 3, the Bitcoin Wallet team, an Android and BlackBerry OS-based bitcoin wallet service provider warned its users against a fake replica of their wallet platform on the Apple App Store, hinting that it is most likely a scam application. It used Bitcoin Wallet’s screenshots, logos, and user interface. The Apple development team removed the scam app from the mobile store almost immediately after the Bitcoin Wallet team’s announcement. A few days after the removal of a bitcoin scam application, Apple App Store users discovered another bitcoin scam app this morning named BitWallet. The developers of this application […]

Leave a Reply

All Today's Crypto News In One Place