• Why Are XRP Investors Bringing a Lawsuit Against Apple?

  • After Apple failed to screen one of its apps for the App Store, the company is now facing yet another lawsuit. Toast Plus, a fraudulent app masquerading as a cryptocurrency wallet called Toast Wallet, used phishing attacks to steal XRP from users’ wallets.

    Hadona Diep, a Toast Plus phishing attack victim, filed a class-action lawsuit against Apple, alleging that the company cleared the hackers through the App Store application vetting process, resulting in the loss of users’ digital assets. According to the lawsuit, Tech Giant allowed the hack and breach to happen despite knowing about its malicious intent. Furthermore, Apple failed to notify users that their financial information had been compromised as part of a scam.

    “This action is a class-action lawsuit seeking legal redress for the Defendant’s violations of federal and state laws in participating in and or allowing “hacking” and “breach” of financial account information and actual theft of personal financial assets, by authorizing a malicious application in the “App Store” and maintaining the same, desp

    Apple does not thoroughly vet applications.

    Apple, which takes pride in its security protocols, has a stringent and thorough vetting process in place before allowing apps to be published on its App Store. The lawsuit, however, emphasizes that part of this vetting process is acquiring the app’s use case, source code, user guides, and software documentation.

    As a result, Apple is liable for statutory damages of the greater of “$10,000 or $100 per day” for each day of violation, “actual and punitive damages, reasonable attorney’s fees, and Defendant profits obtained from the above-described violations,” as well as “actual and punitive damages, reasonable attorney’s fees, and Defendant profits obtained from the above-described violations.”

    Plaintiff downloaded the application known as Toast Plus from the Apple Store on or about March 2020 onto her iPhone because she knew, or at least thought she knew, that Apple thoroughly vets applications before allowing them on the App Store.”

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