Bitcoin Scam App Approved by Apple Robs iPhone User of $600,000+

[I7guy]

Not the same thing. It’s a stronger glass, not an unbreakable glass, and it’s not sold as unbreakable, only more resistant to drops than previous phones. Yet they claim an ip68 water resistance, then refuse to repair water damage.

You're post shows it's a similar analogy. The iphone is touted as ip68 water resistance. This is not the same as water proof. IP68 is a step up from what some iphones are, which is ip67.

Just like stronger glass doesn't mean the phones won't shatter if dropped, better water resistance doesn't mean total absence of ingress from liquids when submerged.

 

[shplock]

This x1000000, 100% true.

Fiat currency is also full of criminals 'crimming' so your logic is to ban all money I take it?

 

[ArPe]

Moral of the story.

Libertarian Blues

If you gonna be a sucker for the secret game played by the 1 percent

They said be your own bank

and be your own doctor

then you’re gonna be your own shrink

when you lose everything

and need therapy

💩💩💩😂😂😂🚽

 

[BYTEME420]

Same with cryptocurrency. we will get protections for cryptocurrency soon enough so do not worry.

And you can be sure that things like what happened to this guy will not be covered.

 

[shplock]

Epic is going to love this. Whatever happened to reviewing and App Store experience and safety and all that? That’s a lot of money lost. This guy should do everything to get it back and more for the hassle and for the lapse of said security and safety promise by Apple. Accountability is accountability, as is user stupidity.

No!
Difference between a company being negligent and a genuine error occurring.
Apple can not be blamed for someone being smart and unfortunately a criminal as well can they?
Just like a car maker can not be blamed if you locked your car up and the thief managed to still steal it, as long as reasonable measures were taken to protect it.
I believe that Apple take more than reasonable measures to secure the App Store and if someone manages to outsmart them, then that is not Apple's fault.
Hopefully Apple will close that loophole to make it harder in future.

 

[shplock]

That isn’t the correct argument, but that’s something Apple would love to use.

It is the correct argument.

 

[shplock]

This is not good. Regardless of the app or purpose, the whole point of App store is meant to be security and garden walled approach. 30% commission and we still get scammers? Not good for customers at all

You do realise that no system is 100% perfect right?
You do then understand that having a some rogue apps getting through then removed is better than hundreds of thousands right?
This is good for consumers a sit gives them the best level of security to be reasonably expected.

 

[fathergll]

Real banks and financial institutions have protections in place to reduce the occurrence of these scams, or at the very least give a hope of getting the money back. With cryptocurrency there is no such hope.

This is another example of why cryptocurrency is a bad thing, on top of being bad for the environment.

And this is why bitcoin will never go mainstream in it's current form. You just cannot have a system where people's entire life savings can be stolen that easy. As much as we may dislike the current system it works well scaled. The amount of BTC that will be stolen as this gets bigger is going to be astronomically. There's going to be also lots of issues with BTC being lost from either users forgetting passphrases, or fires destroying backups, or someone passing away and their heirs have no idea how to get to it.

I'm curious how much the person actually lost in dollars. He didn't lose $600,0000 he lost 17.1 BTC and he's been accumulating them for years. This is more like like buying a stock at a low price, not selling at the high and then the stock goes belly up. You didn't lose the price at the high....you lost your initial investment. Still sucks but I not the same as losing the full value of the local currency.

 

[shplock]

Seriously though. Isn't the wall garden supposed to protect users from situations like this?

Seriously though isn't a person supposed to take responsibility for their own actions and think before they act?
Also no system is 100% perfect you know.

 

[SDJim]

If you aren't checking who the developer of an app is before you download it, you a fool.

 

[shplock]

People need to stop messing around with cryptocrap. it's such a plague causing all kinds of problems. Almost every scam/malware/ransomware uses a bitcoin address of sort

Just as every drug lord and terrorist uses fiat money not to mention countless money launderers.

 

[shplock]

So Apple owes this person 17.1 bitcoins then since it was Apple's fault the app got through.

That's the logic and reasoning the group of pro only Apple app store / anti-3rd party app store people use.

"If you get an app outside of the app store and something bad happens, don't blame Apple for it because you strayed outside of the walled garden. Deal with the 3rd party app store or developer/website you got the app from."

Well, this person got the app from Apple. Apple should take the rap since they had control over this.

No, It was NOT Apples fault.
It is not their fault because someone is smarter than they were just as it is not an employer's fault that you got turned down for a job because someone else outsmarted you and did better in the interviews!

 

[shplock]

Because Apple's reasoning behind their app store and fees is that they vet and approve each app, and by doing so we're safer and better off vs allowing users to get their apps from outside of Apple's walled garden.

But Apple is not claiming they will catch every rogue app just as the police do not claim they will catch every criminal.
Some of this is on the user for trusting his money to just any old app or person rather than doing some basic research.
Apple are not to blame.

 

[shplock]

This is yet another shortcoming of digital currencies. There is no nation to back them, hence no sovereign to insure against losses.

Not the point made.

 

[BYTEME420]

The amount of BTC that will be stolen as this gets bigger is going to be astronomically. There's going to be also lots of issues with BTC being lost from either users forgetting passphrases, or fires destroying backups, or someone passing away and their heirs have no idea how to get to it.

All things being equal, I would posit that the odds of losing your crypto to a rogue App Store app is still lower than all the other possibilities for them being lost or stolen. And if you're fine with that level of risk, then you shouldn't be crying to Apple.

 

[shplock]

That’s the thing though, it is implausible that an App Store that has 100’s, 1000’s of app submissions every day can capture everything...so Apple needs to stop claiming their walled garden is this super safe haven. In my opinion, claiming something is something that it clearly isn’t is exactly what the scammers are doing; pretending to be something they’re not.

Super safe is subjective you know and Apple absolutely CAN make that claim even if some people do not like it.
Super safe does not mean 100% but could mean 95% or even 90%.

 

[shplock]

I think Apple IS responsible for this since it doesn’t allow third party apps (all apps need apple’s approval).

Nope!
Apple can not ever be responsible for another person outsmarting them just so long as they have reasonable security protocols and procedures in place which they do, just as car makers have locks that are shielded and immobilisers etc. So if a car thief outsmarts them by breaking into your house and stealing your car keys, that car maker is not responsible no matter how much you demand a payout.

 

[shplock]

Apple should be made legally liable for money lost due to scam apps in the AppStore and forced to repay anyone who has lost money in the same way banks and credit card companies refund losses due to fraud.

No because then everyone who lost money due to bad investment would demand a free payout for their own mistakes or simple bad luck.
It would be impossible to tell the difference between genuine and non genuine.
Until crypto currency is regulated it will be difficult and dam near impossible.
Some of the blame is on the user for not doing their homework better, sorry!

 

[PinkyMacGodess]

Real banks and financial institutions have protections in place to reduce the occurrence of these scams, or at the very least give a hope of getting the money back. With cryptocurrency there is no such hope.

This is another example of why cryptocurrency is a bad thing, on top of being bad for the environment.

There are tons of bank and financial institution products that are completely risky, where there are no protections for people to loose everything, and sometimes even more. Still, this puts Apple in an interesting spot.

 

[PinkyMacGodess]

Apple should be made legally liable for money lost due to scam apps in the AppStore and forced to repay anyone who has lost money in the same way banks and credit card companies refund losses due to fraud.

No, but they should release the developer information to inquiries by law firms so the developer, and their people, can be sued.

 

[shplock]

Ummmm crypto in general is a scam for the wealthy or the people wishing to launder money . It's also directly connected to a dollar amount. Without the dollar being worth something , crypto would be worthless.

Oh and you cant be possibly for crypto and for the environment. As one crypto transaction has the same carbon footprint as a household uses for a month.....let that sink in for a second.

by your logic then we should all ban real money because that is involved in far far far mire crime EVER!!!!!
Think of all those drug lords and terrorists and money launderers who use...you know....real money!
Also as to the environment, you know that tumble dryers use waaaayyyyyy more energy than crypto currency can, so should we ban those?
More and more crypto miners are using renewable energy due to the cost and as more and more renewable energy is added to the grid each year the cost falls and soon enough we will have energy abundance, think about it!

 

[shplock]

Seems you want it both ways.

When people ask for other means of obtaining apps besides Apple's app store, you'll say:

"If you get your app outside of Apple's app store, you won't have Apple to protect you as they vet and approve each and every app. By design, the Apple app store is safer this way. If you get your app from outside of Apple and something bad happens, don't blame Apple."


When someone gets scammed by an app that was approved by Apple:

"It's your fault; Don't blame Apple. You should have done your due diligence and made sure the person/company developing the app was legit. You cannot rely on others (i.e. Apple) to always protect you."

Seems like you want it both ways two.

You want to blame Apple for not being 100% perfect yet and then saying that Apple is not 100% perfect and then should still be blamed ?

 

[shplock]

It’s not about prevention, it’s about accountability. If the guy had downloaded the app from a third party (like a website or another App Store), then Apple would have nothing to do with this, but because the app was reviewed and approved by Apple itself, it makes it responsible. You could say that Apple allowed a scammer to scam its users the moment it approved it. If Apple is going to play the “privacy/security card” it should be held accountable when things like this happen.

The point is that Apple got outsmarted by someone smarter.
That is not their fault no matte how much you want it to be because you hate Apple in which case how come you are here?
Not being rude, just asking.
This is no different to a car maker making a car with locks and immobilisers etc yet a thief breaks into your house,s teals your car keys then drives away with your car.
You then say "Hey the car maker owes me!"
No they do not, they took reasonable steps and yet someone outsmarted them because even bad people can be smart you know.
It is not just you and only you who can be clever.

 

[shplock]

It probably wouldn't have, but at least you won't have this false sense of security with Apple's app store and their claim that their walled garden is safer and better for users since they vet and approve all apps.

You are so desperate to Balme Appel you forget that
1) Apple is not claiming they are 100% perfect
2) Apple is claiming that their system is better and more assure than other systems, which it is
3) Apple does have good levels of security because otherwise they would be as bad as Android which they are clearly not.

I am sorry you hate Apple that much but please somethings are true no matter how much you hate them.

 

[Ferrit70]

I don't understand why it's someone else's problem when a person chooses to use an unknown app to deal with finances. Every app I use financially gets vetted with a call to the bank or credit card company to ensure its real. Anything else is akin to pulling the trigger of a gun without seeing if it's loaded or not. My ten cents anyway. Yes, this is something about personal responsibility being necessary.