An apparent rogue app purporting to be the Trezor crypto hardware wallet has been removed from Apple's App Store, though a quick search has revealed that other copycat apps are still on the prowl.
On June 20, Crypto Lawyers Managing Partner Rafael Yakobi posted a security alert about Apple App Store. Yakobi reported that the first result of a search for "Trezor" was a malicious app designed to steal cryptocurrency.
He warned Apple users that the fake "Trezor Wallet Suite" app "will ask for your seed phrase, allowing its operators to steal all your cryptocurrencies." Yakobi added:
โThis app has been active for weeks, although the total number of victims is unknown, it could easily be hundreds or thousands.โ
Security alert
The first search result for "Trezor" on Apple @App Store is a rogue app that will ask for your seed phrase, allowing its operators to steal all your cryptocurrencies.
The name of the malicious application is "Trezor Wallet Suite". You can verifyโฆ pic.twitter.com/vWsXTHpkYK
โRafael Jacob (@Deliver8tor) June 19, 2023
Cointelegraph searched the US version of the App Store and was unable to find the malicious application that Yakobi refers to. Apple usually quickly removes suspicious or fraudulent apps from its app store once it receives an alert.
However, a search for "Trezor Wallet Suite" turned up another potentially nefarious app called "MyTREZลR Suite: One Edition." It only had two reviews, both of which were warnings that the app is a scam that will steal crypto, so it seems Apple hasn't fully cleaned house yet.
Apple insists that the apps on its official App Store have been vetted and approved for security purposes.
The safest way to download mobile apps for crypto wallets is from the manufacturer's official website. while there is a application Available for Trezor users on iOS, it is simply a companion app with limited functionality.
Related: Apple's External Payments Ban Ruled Illegal in Potential Victory for NFTs and Crypto
According to Apple news outlet 9to5mac.com, the world's largest tech company isn't too friendly when it comes to crypto apps, which are only supposed to be approved under strict circumstances. the outlet noted:
โWhile Apple says that the App Store โis a place you can trustโ and fights against sideloading, what happens in real life is that not even Apple can keep the App Store free of scams.
fake wallet Apps in the Apple App Store are nothing new. In 2021, a user supposedly lost $600,000 in Bitcoin (BTC) after downloading a malicious Trezor app from the App Store.
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