Apple faces lawsuit over alleged $1.8M Bitcoin wallet app losses

Latest NewsPublishedJul 28, 2026Three users allege a fake Sparrow Wallet app on Apple’s App Store drained their Bitcoin holdings, with losses totaling more than $1.8 million.Apple is facing a lawsuit from three customers who say they lost a combined $1.8 million after downloading a fake Bitcoin wallet app from the App Store.The complaint, filed Friday in the US District Court for the Northern District of California, alleges Apple failed to adequately review and monitor apps despite promoting the App Store as a trusted marketplace, according to a copy of the filing obtained by MacRumors.The plaintiffs, James Ramirez, Christopher Ellis and Jalen Delgado, said they entered their seed phrases into the fraudulent app, allowing scammers to transfer their Bitcoin. They reported losses of about $875,000, $840,000 and $120,000, respectively, during 2025, according to the complaint.Sparrow Wallet is available on Windows, macOS and Linux. Its developer, Craig Raw, has previously criticized Apple over fake versions of the app appearing in the App Store. The wallet has no official iOS app.Apple told MacRumors that it has removed apps impersonating Sparrow Wallet and terminated developer account...