Apple Hit With Crypto Scam, App Store Trust Deception Suit (1)

Apple Inc. tricks customers into believing the apps available in its App Store are safe and vetted while allowing cryptocurrency trading scams to flourish, a proposed class action alleged.

“Apple has actively represented that its App Store apps which are used for cryptocurrency trading come from approved financial institutions and comply with all applicable laws,” the complaint filed Thursday in the US District Court for the Northern District of California said.

A spokesperson for the company said in a statement “we invest significantly to deliver the most secure experience and are constantly working to combat fraud and prevent risky software ...