Apple Approves Two Scam-Like Bitcoin Apps Again, Due Diligence in Question
Recently Apple approved two applications called Ocean and AlphaWallet that are structurally designed to steal Bitcoin from users. Although Apple has been removing a substantial number of suspicions apps on its app store, the consistent emergence of obvious scam applications are beginning to concern the Bitcoin community.
IPhone and other Apple device users have had serious issues with scam Bitcoin applications on the Apple App store that are designed to extract and steal user funds. The company’s inability to filter scam-like apps is creating a poor ecosystem for Bitcoin users.
The ostensible legitimacy of the apps in terms of branding, UI, design, and functionalities will most likely deceive many beginner Bitcoin users, who may utilize it to store large amounts of Bitcoin and other cryptocurrencies like Ethereum.
This post was published at Coin Telegraph on 2016-10-11.