A federal lawsuit alleges Apple (AAPL) allowed a fraudulent Bitcoin wallet app, impersonating Sparrow Wallet, to remain on its App Store for over a week after a customer reported losing $875,000 (7.4 BTC) on July 25, 2025. This allegedly led to another user losing roughly $840,000 on Aug. 3, 2025. Three plaintiffs claim a total of approximately $1.84 million was stolen after they downloaded the app and entered their seed phrases.
The lawsuit, filed on July 24, 2026, in the U.S. District Court for the Northern District of California, argues that Apple's marketing led users to believe its App Store applications were vetted and safe. Apple has reportedly told MacRumors that it has taken action to remove any apps impersonating Sparrow Wallet and terminate associated developer accounts.
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Apple faces federal lawsuit for allegedly keeping fake Bitcoin wallet app on App Store after $875,000 theft report, leading to further losses
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