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Apple sued over fake App Store crypto wallet losses

Three customers sued Apple in California federal court, alleging a fraudulent Sparrow Wallet app on the App Store stole roughly $1.8 million in Bitcoin. The complaint challenges Apple's longstanding claim that its review process protects users from scams and says the company violated California law. Apple has responded to the lawsuit over the fake wallet.

Why it matters

The case tests Apple's safety justification for its closed App Store, a central argument as regulators press the company to permit alternative app distribution.

Sources

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