Man Downloads Wrong App, Losing $600,000 in Bitcoin

Crypto scams are sneaking onto the Apple and Google app stores.

by Dan Robitzski

Robbed Blind

Last month, a man named Phillipe Christodoulou picked up his phone, downloaded an app for a digital cryptocurrency wallet on the Apple app store, and signed in.

Immediately, the scammers who built the app — which was disguised as a reputable crypto storage company — and snuck it onto the app store pilfered Christodoulou’s 17.1 bitcoin, which at the time were worth $600,000, The Washington Post reports. It’s a shockingly common scam on both Apple and Google platforms, and unfortunately there’s little the platforms seem to be able to do to keep it from happening.

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