[2026-07-29] The latest IT, economic, blockchain and coin news
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2026-07-29 | Curator: CryptoTerminal
Apple Sued After Fake iPhone Wallet App Drained $1.8M in Bitcoin
Three Bitcoin holders have sued Apple over a counterfeit Sparrow Wallet app they say drained a combined $1.8 million. The complaint, filed on July 24 in the Northern District of California, brings eight counts including fraud, negligent misrepresentation and strict products liability. Each plaintiff entered a seed phrase into the app, according to the filing. James Ramirez lost 7.4 BTC, put at $875,000; Christopher Ellis $840,000; and Jalen Delgado 1.05 BTC, put at $120,000. Sparrow Wallet runs...
