A crypto investor has filed a class-action lawsuit against Apple Inc. after she downloaded a malicious application from the company’s App Store that led to the theft of her cryptocurrencies.
Apple Sued Over Theft of Cryptocurrency Due to Malicious App
Hadona Diep, a resident of the U.S. state of Maryland and a full-time cyber-security IT professional, has filed a class-action lawsuit against Apple Inc. She alleges that the company authorized and maintained “a malicious application” in its App Store despite knowledge of the criminal activity. In addition, the company failed to notify her and the class members that their financial information had been compromised.
The lawsuit explains that “Because Plaintiff knew, or at least thought she knew, that Apple thoroughly vets applications before it allowed them on the App Store, Plaintiff downloaded the application known as Toast Plus from the Apple App Store on or about March of 2020 onto her iPhone.”
The plaintiff believed that “Toast Plus was a version of Toast Wallet, a well-known cryptocurrency wallet, as the names were similar and the logo used for the application in the App Store was the same or nearly identical.”
In January 2018, the plaintiff transferred about 474 XRP from crypto exchange Bittrex to a secure crypto wallet called Rippex. However, Rippex shut down a month later so the plaintiff accessed her coins through the secured wallet and “linked her private XRP key, or a seed phrase, into Toast Plus in March of 2021.”
The court document notes:
As Plaintiff intended to hold the XRP as an investment and not to actively trade it, she did not check the Toast Wallet Plus application after entering her seed phrase into it. In August of 2021, Plaintiff checked her account on Toast Plus, and discovered that not only did she have no XRP in the wallet, her account was ‘deleted’ on March 3, 2021.