Apple Faces Criticism Over Handling of Fake Crypto App

DeFiLlama's founder, 0xngmi, has shed light on a disturbing incident involving Apple's handling of a fake app impersonating DeFiLlama. The fake app was able to compromise user funds despite months of reports to Apple about trademark infringement.

According to the source, Apple failed to take action until user funds were compromised, raising significant concerns about user safety in the crypto space and the efficacy of app store security protocols.

The team took matters into their own hands by depositing funds into a test wallet and subsequently lost them when using the fake app. It was only after presenting evidence of the theft that Apple removed the application.