Apple Faces Class Action Over $1.8M in Crypto Wallet Losses

Apple (AAPL) faces a class action lawsuit over its handling of cryptocurrency wallet applications linked to $1.8 million in losses.

The complaint alleges that fraudulent Sparrow Wallet clones harvested private keys and drained Bitcoin holdings from users who downloaded the apps through Apple's App Store.

The plaintiffs, James Ramirez, Christopher Ellis, and Jalen Delgado, claim they trusted the apps because of Apple's safety standards, which implied rigorous verification protocols.