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Apple Sued Over Fake Sparrow Wallet on App Store, Users Lose $1.8M

Enforcement Actions Security Incidents

2026-07-27 19:17:42

BTC0.39%

According to BlockBeats, Apple was sued on July 28 by three users who lost over $1.8 million after downloading a fraudulent Bitcoin wallet app on the App Store. The counterfeit app impersonated Sparrow Wallet, though the official Sparrow Bitcoin wallet has never been available on iOS. Individual losses totaled $875,000, $840,000, and $120,000 respectively. Plaintiffs claim Apple's strict review claims contradict its failure to prevent such fraud, and seek damages plus enhanced security disclosures.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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