A crypto investor has filed a class action lawsuit against Apple Inc. after downloading a malicious application from the company’s app store that resulted in the theft of their cryptocurrencies.
Apple is suing for cryptocurrency theft due to malicious app
Hadona Diep, a Maryland resident and a full-time cybersecurity IT specialist, has filed a class action lawsuit against Apple Inc. It claims that the company authorized and maintained “a malicious application” in its app store despite knowing the criminal activity. In addition, the company did not notify them or the students that their financial information had been compromised.
The lawsuit states: “Since Plaintiff knew, or at least believed it knew, that Apple thoroughly checked applications before allowing them in the App Store, Plaintiff downloaded the application known as Toast Plus from the Apple App Store in March 2020 your iPhone. “
The plaintiff believed that “Toast Plus was a version of Toast Wallet, a well-known cryptocurrency wallet, because the names were similar and the logo used for the application on the App Store was the same or nearly identical.”
In January 2018, the plaintiff transferred around 474 XRP from the Bittrex crypto exchange to a secure crypto wallet called Rippex. However, Rippex was closed a month later, so that the plaintiff accessed her coins via the secured wallet and “linked her privately” XRP Key or a seed phrase in Toast Plus in March 2021. “
The court document states:
Since the plaintiff intended the XRP as an investment and in order not to actively trade, she did not check the Toast Wallet Plus application after entering her seed phrase. In August 2021, the plaintiff checked her account with Toast Plus and found that not only did she not have an account XRP in the wallet, her account was “deleted” on March 3, 2021.
Diep began investigating the matter, finding that “Toast Plus was actually not a version of the legitimate Toast Wallet application, but instead was a ‘spoofing’ or ‘phishing’ program designed solely to steal cryptocurrency by receiving it The consumer cryptocurrency developed account information and then forwards it to the personal accounts of the hackers.
The plaintiff alleges Apple violated a number of laws, including the Computer Fraud and Abuse Act, Electronic Communications Privacy Act, Maryland Personal Information Protection and Consumer Protection Acts, and each state’s Personal Information Protection and Consumer Protection Acts.
The plaintiff applies for the “award” [of] legal, actual or compensatory damage ”for you and the class“ as far as legally permissible ”. She also demands “adequate compensation for the work as a group representative” and “pre- and post-court interest at the statutory rate” as well as any “further relief that the court deems to be fair and appropriate”.
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