![]() But the scammers exploit the TestFlight feature, which provides a way for users to download bogus apps outside of the App Store. The latest involves fraudsters creating “test versions” of their shady apps through Apple’s TestFlight feature that is also used by legitimate developers.Ĭompanies can use TestFlight so that select users can test software. To bypass Apple’s security measures preventing bad actors from making malicious apps available through the Apple App Store, criminals have been able to use workarounds, the report said. Sophos previously said that one victim transferred the equivalent of $1.4 million worth of Bitcoin into a fake trading app. In some cases, victims may be forced to pay a “tax” to withdraw their money, which they learn by chatting with an in-app customer service representative who is part of the scheme. At this point, the scammers are able to lock the victim out of their accounts. ![]() Problems arise, however, when the victim wants to stop trading and withdraw their money.
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