Proactive Investors - Run By Investors For Investors

Global Blockchain Mining seeks to remove potentially fraudulent app from Apple store

The Vancouver-based group said it had been made aware of an iOS smartphone application called Tether Wallet
Bitcoin miner
Global Blockchain Mining is a blockchain-focused company

Global Blockchain Mining Corp. (CSE: FORK) (OTCMKTS:GBCHF) said it was seeking the removal of an app from Apple's (NASDAQ:AAPL) App Store, which, it says, is potentially fraudulent.

In a regulatory statement Tuesday, the Vancouver-based group said it was aware of an iOS smartphone application called Tether Wallet that was available, claiming that it had been developed by the company.

READ: Global Blockchain Mining says AMR crypto asset crowd sale website is now ready

"This application is not affiliated with [Global Blockchain Mining] in any way, and the company is presently in the process of pursuing this matter with Apple to seek removal from the App Store," it told investors.

Moreover, the group also advised the public to 'exercise caution' in verifying the integrity of any app or product that handles sensitive information such as financial details.

"Individuals who have been victimized by Tether Wallet should be sure to retain all records relating to their use of the application, and contact Apple and their local authorities to lodge a complaint," the firm added.

"We are appalled to discover that our company's name and goodwill has been misused for fraudulent purposes, and we are actively investigating this, with the immediate priority being the removal of this application from the App Store, to ensure no additional persons are defrauded," said Shidan Gouran, president and chief executive officer of Global Blockchain Mining.

He also noted: "It is worth noting that if Apple used blockchain technology for its App Store and WOT (Web of Trust) for authentication and identity management, this would curtail the growing issue of illegitimate applications on the platform. This is yet another case that proves how secure decentralized platforms are, as this misuse of the company's name would not have been possible on such a platform."

Shares in Global Blockchain Mining were unchanged at $0.015 each.

Contact Giles Gwinnett at [email protected]

Follow him on Twitter @Gile74

View full FORK profile View Profile

Global Blockchain Mining Corp. Timeline

Related Articles

Greenhouse full  of plants
February 01 2019
The global marijuana market is projected to reach an eye-watering US$58.90 billion between 2018 and 2023
1535033582_lithium-periodic-11.jpg
August 23 2018
American Manganese is blazing a trail in the recovery of metals from scrap cathode material rejected by battery manufacturers
The company expects to open its vault for even more cash takings
January 21 2019
Contracted revenues were $3.7 million last quarter but didn’t include Solo app sales for Samsung watches.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use