Apple Crypto News: Bitcoin Scam Lawsuit and Bybit xStocks Launch
Pravin Bisen
Apple Crypto News This Week: Latest Update
This roundup of Apple crypto news covers two separate stories from late July 2026. One involves a lawsuit accusing Apple of hosting a malicious Bitcoin wallet app.
The other covers a Bybit trading promotion linked to Apple's earnings report. Readers should treat these as two distinct events, not one connected story.
What Happened: Apple Faces Bitcoin Scam Lawsuit
On July 28, 2026, BSCNews (@BSCNews) reported that Apple is facing a lawsuit over an alleged Bitcoin wallet scam app hosted on its App Store.
According to the lawsuit described in the post, the company kept the app functional even after receiving a report of an $875,000 loss from one user.
Source: Official X Post
The same app allegedly ran again afterward, and a second user reportedly lost close to $840,000.
Why It Matters
This is the scam related to this Apple crypto news update. It centers on App Store oversight, not on any product company itself built or endorsed.
The lawsuit alleges company was informed of the theft and did not remove the app in time.
The app allegedly ran again after the first report, leading to a second reported loss.
Detail | Figure |
First reported user loss | $875,000 |
Second reported user loss | $840,000 |
Post date | July 28, 2026 |
Bybit (@Bybit_Official) published a pinned post tying a trading promotion to Apple's upcoming earnings report.
This is the investing-related story in this crypto news update and is unrelated to the lawsuit above.
The exchange post described "xStocks Dual Asset" as a product that lets users earn yield while holding a position, whether they expect the price to move lower or higher. To mark the launch, Platform said it would give away three prizes of 1,000 USDT in trial funds each.
Source: Official Post
A follow-up reply from the platform, timestamped July 29, 2026, listed the terms and conditions for the giveaway.
Official Details: Bybit Dual Asset Terms
Term | Detail |
Product | xStocks Dual Asset |
Prize pool | 3 x 1,000 USDT Trial Funds |
Entry steps | Retweet the post and place an order by Aug 5, 2026, 23:59 UTC |
Fund type | The principal is trial-only; yield earned is kept |
Yield cap | Capped at 6% of nominal value |
Fund usage | One-time use, valid on supported xStocks pairs |
Winner verification | Winners must submit their UID for verification |
Reselection rule | If a UID fails verification, a new winner is selected |
Announcement window | Winners contacted within 7 days after the event ends |
"Trial Funds" here means a temporary balance exchange provides for the promotion. Users do not deposit their own principal to take part, but any yield generated on the trial balance is theirs to keep under the stated terms.
Market Context
Both posts surfaced close to the company earnings period, which Bybit's own post referenced directly. The scam lawsuit report does not mention a specific court or filing date beyond the July 28, 2026, post.
What Comes Next
For the lawsuit, the next steps would depend on the company's response and any court filings, which have not been made public through the cited sources.
For the Bybit promotion, the giveaway window closes on August 5, 2026, at 23:59 UTC, with winners to be contacted within seven days after that.
Conclusion
This Apple crypto news update covers a lawsuit over an alleged Bitcoin scam app on the App Store and a separate Bybit trading promotion tied to company earnings.
Readers should treat the two as unrelated events involving different companies and different levels of risk.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency trading and promotional trial funds carry risk. Readers should verify official terms directly with the platform before participating.
